Muriat Olalekan, 61 and Hamzat Muniru, 65 were arrested at St. Mary Grammar School, Elewe-Iwo.
It was gathered that the police recovered 604, 000 from them.
According to the suspects, the money was given to them by one Akin Abiodun, a People’s Democratic Party (PDP) ward chairman in Molete Ward 1.
Confirming the arrest, the Deputy Inspector General of Police (DIG) Operations and security Coordinator, Joshak Habila said the case was under investigation.
He said the police would arrest, investigate and then handover all suspects to the Independent National Electoral Commission (INEC).
Hebila said: “So far, there have been arrest for some infractions. Somebody was caught discussing how money is to be shared. When he was searched, the money was found and he confessed. It is quite a reasonable amount of money. It happened in the eastern part of the state.
“I do not have the update on the number of arrests made but I know that not less than two people have been picked up for trying to influence votes.
“We will arrest, investigate and then, hand over to INEC for prosecution.”