Hacker Who Defrauded First Generation Bank of N1.868bn in Police Net
IGP
A hacker, identified as Femi Salau is now in police net after allegedly defrauding an unnamed first generation bank the sum of N1.868bn.
The scam was blown open by the Special Fraud Unit in Lagos State, according to the spokesman, Eyitayo Johnson who disclosed this in a statement.
Salau was said to have deposited the proceeds of the fraud into the bank accounts of some of the customers of the bank.
The statement said he allegedly used a software to create fictitious credits which totaled N1,868,900,000.
According to the statement, two bureau de change operators who were accomplices in the fraud have also been arrested.
Part of the statement from the Police reads,
“Operatives of the Special Fraud Unit, Ikoyi, Lagos, have arrested one Femi Salau, the kingpin of a syndicate that specialises in hacking into the servers of banks and corporate agencies.
“The hacker, who displayed exemplary mastery of the cyber environment, was arrested after he hacked into the Flex-Cube Universal Banking System of a first generation bank.
“Using application software, he created fictitious credits totalling N1,868,900,000 on the accounts of three of the bank’s customers and successfully consummated debits amounting to N417,542,000 through Internet banking transfers to other banks.
“The unit, while acting swiftly on a petition from the bank, contacted the Central Bank of Nigeria and Deposit Money Banks, whose customers were beneficiaries of the fraudulent funds, and was able to salvage a substantial amount.”
The police recovered Apple laptop and iPhone from the suspect.
He was also arrested at the airport on his return after an overseas travel.
About Post Author
