The Police Special Fraud Unit in Ikoyi in Lagos State said suspected internet fraudsters hacked a customer’s account domiciled in an old generation bank and fraudulently transferred N523,337,100 from the account to 18 different accounts in the same bank.
Bank Hacked, N523m Transferred To 225 Accounts By Internet Fraudsters
This was disclosed in a statement issued on Wednesday, September 21 by the Spokesperson for the unit, SP Eyitayo Johnson.
Johnson said the suspects carried out the cyber-attack within three days between Saturday, April 23, till the early hours of Monday April 25, 2022, before business opened.
According to him, the suspects subsequently transferred the money from the 18 accounts into 225 other accounts domiciled in 22 other banks and financial institutions.
The spokesman revealed that two suspects have been arrested in connection to the crime.
Johnson said, “The legal section of the Police Special Fraud Unit in Ikoyi-Lagos, headed by CSP E. A. Jackson, has successfully obtained an order of the Federal High Court sitting in Lagos, for the preservation/forfeiture/attachment of a net sum of N523,337,100 fraudulently transferred by Internet fraudsters who hacked a customer’s account domiciled in one of the old-generation banks and posted the funds into 18 different accounts in the same bank before transmitting same to 225 other accounts in 22 banks/financial institutions.
“In the course of the investigation, the sum of N160,287,071.47 was recovered from different banks; with two suspects arrested, while operatives are following other leads in order to apprehend the remaining members of the syndicate. The suspects will be charged to court as soon as investigations are concluded.”
In other news, Kanyi Daily had reported that the the EFCC arraigned five bankers for stealing N37 million from the dead.