First Bank MD Receives Live Bullets at Lagos Residence, "Serious"

• Oluwasegun Alebiosu, the MD of First Bank of Nigeria, received an envelope containing disturbing items at his residence, igniting a police action
• Lagos state commissioner of police (CP), Tijani Olaiwola Fatai, commented on the incident, which happened in May 2026
• Alebiosu has been the Managing Director and Chief Executive Officer of First Bank of Nigeria since April 2024

Legit.ng journalist Ridwan Adeola Yusuf has over 9 years of experience covering security matters in Nigeria and Africa.

Ikeja, Lagos state - Tijani Fatai, Lagos commissioner of police (CP), has disclosed that the managing director (MD) of First Bank, Oluwasegun Alebiosu, received an envelope containing two live bullets at his residence.

The package was allegedly delivered by a dispatch rider and received by security personnel at Alebiosu’s residence. It was then handed over to Alebiosu because it was addressed directly to him and marked as confidential.

Oluwasegun Alebiosu: Lagos police disclose bullet delivery

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Upon opening the parcel, the First Bank boss reportedly discovered two live bullets concealed in an envelope. The package contained no accompanying letter, message, or information that could show the sender's identity, Fatai noted.

Speaking to journalists in a video that appeared online on Tuesday, June 23, Fatai said:

“Well, there is a case like that which we are presently investigating: Precisely on the 7th of May this year, the director of First Bank (referring to Alebiosu) reported that he collected a parcel that was collected for him by his guard in his house. And when he opened the parcel, he saw two ammunitions (sic). Precisely, live ammunition. Precisely, 7.62 mm live ammunition. And that arose a lot of suspicion.

"And there and there, we went to investigation into the matter. But presently, I can confirm to you that the matter is still under investigation. It's a serious case. And I think the investigation needs to be more thorough. So, we are still on the investigation of that matter.”

Furthermore, the Lagos police boss said operatives of the command arrested several crime suspects and recovered some items, including 14 firearms, four live cartridges, 51 mobile phones, one motorcycle, 47 sacks of military camouflage uniforms, and vandalised electrical cables.

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A video on X (formerly Twitter) showing CP Fatai speaking on the incident is available below:

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Police speak on Lagos explosion

Earlier, Legit.ng reported that Fatai assured residents that the affected commercial area in Lagos remains safe following a suspected improvised explosive device (IED) explosion that briefly triggered panic.

He gave the assurance while addressing journalists at the scene of the incident at the Shoe Materials Market in Mushin after security operatives completed a sweep of the area.

According to Fatai, the police received reports of the explosion and immediately deployed Explosive Ordnance Disposal (EOD) personnel to cordon off and secure the scene.

Proofreading by James Ojo, copy editor at Legit.ng.

Source: Legit.ng