The Police Public Relations Officer of Lagos State, Joseph Offor has revealed that a sum of N27m and about 240 live ammunition were recovered from the robbery attack on two banks in Festac.

Offor explained that the force swung into action immediately they got the information, stating that the band of armbit had about 40 members, all dressed in military uniform, raided Access and Diamond banks simultaneously, adding that no live was lost in the operation.

"The gun battle forced the armed robbers to abandon over 27 million Naira and 240 rounds of 7.62mm live ammunition. No life was lost on both sides. The case has been referred to Special Anti-Robbery Squad for discreet investigation while security has been beefed up within Festac Town and its environs.

"The Commissioner of Police, Lagos State wishes to reassure the residents of the state of their safety and urge them to go about their normal business as he has vowed to stop at nothing in unraveling the perpetrators of this heinous crime," he stated.