During a three-day cyber-attack, suspected fraudsters hacked a customer’s account at an old generation bank and fraudulently transferred N523,337,100 from the account to 18 different accounts at the same bank.
SP Eyitayo Johnson, spokesperson for the Police Special Fraud Unit in Ikoyi, Lagos State, said in a statement on Wednesday that the suspects then transferred the money from the 18 accounts to 225 other accounts in 22 other banks and financial institutions.
He stated that the coordinated cyber-attack occurred on Saturday, April 23, 2022, until the early hours of Monday, April 25, 2022, before business opened, and that two suspects were apprehended in connection with 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 suspected Fraudsters 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.”