The  attacks,  which were targeted at  three  banks on  Bowen University road, Iwo, were  said to have been carried out at about  4.p.m.

Confirming the robbery to the News Agency​ of Nigeria (NAN), the police spokesperson,  DSP Folashade Odoro, said the incident claimed four policemen.

Odoro said the  Commissioner of Police in the state, Mr Fimihan Adeoye,  as well as top officials of the police and  DSS were presently in Iwo to deliberate on how to apprehend the hoodlums.

NAN reports  that the  incident led to pandemonium  in the community as  students and other residents  were reported to have been injured as they scampered for safety.