The bank reported the incident to the Nigerian Police Force on March 25, 2024, and obtained three court orders between April 4-8, 2024, to freeze hundreds of bank accounts linked to the stolen funds. Adeyinka, who is now on the run, allegedly exploited his authority to process customer reversals, crediting a merchant account he controlled instead.

The scheme went undetected for almost two years until a customer complaint led to an internal investigation, revealing suspicious transactions. The bank's internal control unit reported the incident to the police, prompting legal action.

The bank has written the police to commence full investigation and ensure recovery of the money stolen by the rogue staff.