In the operation which reportedly lasted over one hour, it was learnt that the robbers killed a policeman and a bank worker.
Another bank worker was also reportedly shot in the arm by the bandits.
The yet-to-be-identified policeman, according to sources, was an orderly attached to one of the council bosses in the state.
A source in the town told PUNCH Metro that the armed robbers invaded the bank beside Alawe’s palace and broke the security door with dynamite before entering the banking hall.
The eyewitness said, “The dynamite also blew up a blue colour Toyota Camry car parked on the bank premises.
The robbers reportedly stole an unspecified amount of money.
Confirming the incident in a telephone interview, the Alawe of Ilawe-Ekiti, Oba Adebanji Alabi, expressed shock at the incident.
He said, “It was a terrible experience, my palace is very close to the bank. It was terrifying, it was like a warfront. They kept detonating grenades during the attack.
“I was in the palace during the robbery; the attack happened less than an hour after a bullion van delivered cash to the bank.
“We have been in touch with the governor and the state police command.”
Effort to get the police reaction to the bank robbery was not successful at the time of filing this report.