The incident took place on Thursday afternoon. According to the spokesman of the Edo State Police Command, Bello Kontongs, the attack led to substantial damages to the affected banks, noting that details about the incident will be communicated later.

Eyewitness report that the robbers were very co-ordinated in the attack. A Lexus-350 jeep(in silver colour) fully loaded 'cash' was sighted heading towards Ubiaja old road in the town.

Meanwhile, several people were reportedly killed during the incident as a result of straight bullet being fired in the area which is very close to the town main market.