The robbers were said to have arrived the area at about 8:30am for the operation, according to Daily Trust.
"Some of the robbers stationed themselves in front of most of the Automates Teller Machine (ATM) located at the banks visited. They blew them open with Dynamite and carted away cash stacked inside the ATM. Others held staff of the banks hostage at gun point while they made attempt to enter the vault,'' a witness told Daily Trust.
A resident of the area, Segun Olumuyiwa, in confirming the attack to The Cable, said that he was forced to lie on the ground for two hours while the robbers operated.
''I don’t know if it’s the police that engaged them in shooting but the bullets kept flying all over,'' Olumuyiwa said, adding, ''We had to lie on the floor for nearly two hours''.
No official casualty figure has been released.
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