Police have arrested an armed robbery kingpin, Nurudeen Kolepowo, who specialises in robbing banks and recovered N2,308,000 as well as AK 47 and ammunition from him and members of his gang.

Nine different brands of vehicles bought by the bandits from the proceeds of robbery operations were also recovered.

The group had attacked First Bank, GTB and Ecobank in Ogun State and Offa, Kwara State on March 21 before they were nabbed by the Federal Special Anti-robbery Squad, Adeniji Adele, Lagos.

Kolepowo, who was arrested by a team of police detectives, led investigators to the hideout of their gang leader, Mike, who was shot dead during an exchange of gunfire, while attempting to escape.

A statement by the Force Public Relations Officer, Olusola Amore, in Abuja on Wednesday said Kolepowo had also led detectives to Ijebu Ode where the gang armourer, Sarafa Sanni, was  apprehended and several items recovered including 188 empty magazines of AK 47 rifles, one General Purpose Machine Gun, 3101 7.26x 31 mm AK 47 live ammunition, two rocket head, nine chain bullets, and two boxes of 7.62x 51 mm live ammunition of 700 rounds each.

Also recovered were 446 rounds of 7.62x51mm live ammunition loaded in chain bullets 502 assorted ammunition one vehicle plate number, Lagos LG 119 EPE and N2,308, 000 million cash.