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A Police press release said that at about 19:00 hrs, the fugitive Hoffman Lall was fatally shot on Water Street, Georgetown.
Police said that a firearm, which was stolen from slain Customs Anti-Narcotics Officer (CANU) officer, Harold Duncan, was found in his possession.
Lall was wanted in connection with at least five murders, two of which involved the brutal slaying of Policemen, a businesswoman in Agricola, East Bank Demerara, and a recent murder in Tiger Bay, Georgetown, Police said.
Duncan was killed earlier this month at his home in Agricola as law enforcement officers continued to be targets of gunmen.
Police issued the wanted bulletin for Lall shortly after businesswoman Roxanne Seckle, 39, was killed at her premises, 33 Brutus and Second Street, Agricola.
Police said she was shot five times about the neck and upper torso and was pronounced dead on arrival at the Georgetown Hospital.
The businesswoman, her son, Clifton Seckle Junior, 18, and two other children were at home in bed when two gunmen entered the home through an open door, proceeded to the bedrooms and discharged several rounds, fatally wounding Roxanne Seckle.
Clifton Seckle Junior, received gunshot wounds to the right side neck, Police said.
Police said Lall, from Agricola, was armed and considered dangerous.