The victims had gone to a commercial bank in Agbara, Ogun State, to withdraw the money and ran into Lateef and his partner-in-crime, 20-year old Benjamin Oforitse.
All suspects, numbering five, are currently been interrogated at the Federal Special Anti-Robbery Squad (FSARS) in Abeokuta, Ogun State.
The other three suspects arrested in connection with the money and gun were Yusuf Owoyele, 34, Tunde Owoyele, 23 and Itunu Abisoye, 22. Lateef had worked with several robbery gangs, most of whom have been killed.
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