The lady was killed during a robbery operation near Diamond Bank at Suru-Alaba area in Lagos.
The deceased has now been identified as Njoku Uchechi.
She was shot in the head after being attacked by two armed robbers when she came out of the bank. The robbers carted away the N150,000 she went to withdraw.
One of the robbers was caught while the other managed to escape.
The apprehended suspect was beaten mercilessly before being set ablaze.
The body of the deceased has since been deposited in the morgue.