The Lagos State Police Command has arrested two suspected hackers in connection to a fraudulent transfer of N523,337,100 from a domiciled customer’s account in an old generation bank to 18 different accounts in the same bank.
SP Eyitayo Johnson, spokesperson for the Police Special Fraud Unit in Ikoyi, Lagos State made this disclosure stating that the suspected criminal network later moved the money to more than 200 accounts in different banks.
Johnson said the suspects later transferred the money from the 18 accounts into 225 other accounts domiciled in 22 other banks and financial institutions.
The coordinated cyber-attack, he said, was carried out between April 23, 2022, and April 25, 2022.
“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,” Johnson said in a statement.