SECURITY OPERATIVES ARREST BANK HACKER OVER ALLEGED N1.87 BILLION FRAUD IN LAGOS
Operatives of the Special Fraud Unit, Ikoyi, Lagos State, have arrested a bank hacker over a N1.87 Billion fraud.
The suspect, Salau Abdulmalik Femi, is the kingpin of a notorious syndicate that specializes in hacking into the Server of Banks and corporate agencies.
He was arrested after he hacked the Flex-Cube Universal Banking System (FCUBS) of a First-Generation Bank.
In a statement by DSP Eyitayo Johnson, the suspect used an application software to create fictitious credits totaling One Billion, Eight Hundred Thousand Naira (N1,868,900,000.00) on the accounts of three (3) of the Bank’s customers and successfully consummated debits (outflows) amounting to Four Hundred and Seventeen Million, Five Hundred and Forty-Two Thousand Naira (N417,542,000.00) through Internet Banking transfers to other Banks.
The Fraud unit immediately contacted the Central bank of Nigeria (CBN) and Deposit Money Banks (DMBs) whose customers were beneficiaries of the Fraudulent funds and able to salvage a substantial amount.
Items and exhibits recovered from the suspect include an Apple Laptop and an iPhone. Also, he and the BDC operators who perpetrated the act would be prosecuted soon.
Read Also: EFCC ARRAIGNS BDC OPERATOR FOR ALLEGED N197M FRAUD IN KANO
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