Senior Superintendent Graciano Mijares, Cagayan de Oro police chief, said the robbery took place around 8:45 a.m., some 45 minutes after the Cepalco office in Carmen opened.
Mijares reported witnesses as saying the robbers disarmed the office’s three security personnel upon entering the establishment.
The robbery was over in five minutes, with the robbers fleeing on three motorcycles, he said.
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