The robbers reportedly stormed the First Bank of Nigeria, Idoani in Ondo State.
The robbers stormed the area around in the afternoon as they blew open the bank security door with dynamite.
During the operations which lasted about 1 hour.
Newsflash247 gathered that seven people lost their lives including bankers, a police Inspector and about two ATM customers were allegedly shot dead.
said that many people serious now on the danger list at the General Hospital Idoani.
According to eyewitnesses, some of the armed bandits escaped with an unspecified amount of money before the arrival of men of the Nigerian Army.