The suspected robbers were arrested from Okitipupa, Ondo State, and Ikorodu, Lagos State, while three Sport Utility Vehicles allegedly bought from the proceeds of the robbery were recovered.
The suspects' names were given as Monday Akpan, Bright Agbojule, the third identified simply as Jafaru, and one Baba Ibeji.
On Wednesday, June 24, the gang, which was reportedly led by a woman, had stormed the Ebute-Ipakodo branches of the First Bank and Zenith Bank at about 8.30am, and carted away millions of naira.
"Three suspects were picked up by the police in Ikorodu. Two of them had bought Sport Utility Vehicles with the proceeds. All of them had bought plots of land with their loots. Three vehicles have been recovered for now."
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