They were allegedly ambushed by suspected Ombatse boys, who took them to the bush, killed them, set them ablaze with their car and buried them with the car by the riverside.
The incident happened at Tudun Adabu in Obi Local Government.
The Police Command has arrested 14 suspects in connection with the murder.
The deceased bankers are Alhaji Hassan Gidado, who was the managing director of the Police Microfinance Bank, and Mr. Tunde Banwo.