Fraudsters aka Yahoo Boys hacked in to Nigerian Banks
During a three-day cyber-attack, suspected hackers stole a customer’s account at an old generation bank and fraudulently moved N523,337,100 from the account to 18 separate accounts at the same bank.
The Police Special Fraud Unit’s spokesman in Ikoyi, Lagos State, SP
In a statement issued on Wednesday, Eyitayo Johnson stated that the suspects then moved the funds from the 18 accounts to 225 additional accounts held by 22 other banks and financial organizations.
He stated that the synchronized cyber-attack occurred on Saturday, April 23, 2022, till the early hours of Monday, April 25, 2022, before business began, and that two individuals were apprehended in connection with the crime.
“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 sam…,” Johnson stated. “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.
“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.”