Revealed! EFCC arrests, names suspected fraudster buying bank account details for fraud

• The EFCC nabbed a suspected fraudster buying slope relationship details from customers to defraud members of the public
• Sunday wage N25,000 oregon N50,000 to relationship ownwes, and stitchery their slope information, including ATM cards and others
• The relationship proprietor admitted that helium was unaware that his relationship was being utilized to defraud individuals, which led to his arrest

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market.

Operatives from the Economic and Financial Crimes Commission's Benin Zonal Directorate person detained Olawole Sunday, a suspected fraudster who specializes successful purchasing slope relationship accusation from radical successful bid to swindle unsuspecting members of the public.

EFCC detained a suspected fraudster who specializes successful purchasing slope relationship information. Photo Credit: EFCC
Source: UGC

As portion of Sunday's strategy, young radical were encouraged to registry respective slope accounts, wage N25,000 oregon N50,000 for each account, and stitchery their slope information, including ATM cards and different information.

Under the pretense of dealing in overseas exchange, Sunday allegedly utilized the relationship accusation of a idiosyncratic named Uyi Godstime Eghosa to cheat a petitioner retired of N2 million.

Eghosa, the relationship owner, was detained connected Sunday aft confessing that helium had nary thought his relationship was being utilized to swindle the people.

Eghosa clarified that pursuing a outgo of N25,000 (twenty-five 1000 naira), helium gave Sunday entree to his relationship information, including his ATM card.

Sunday admitted to the transgression erstwhile helium was arrested and volition look charges erstwhile the investigations are finished.

Fraudsters bargain N52 cardinal from Nigerian banks

Despite continuous efforts to amended information systems, Nigerian banks reported a startling N52.26 cardinal nonaccomplishment to fraud in 2024, a concern that highlights the expanding sophistication of fiscal crimes.

According to the astir caller study from the Nigeria Inter-Bank Settlement System (NIBSS), the banking industry is inactive earnestly threatened by fraudulent activities specified arsenic insider collusion, relationship manipulation, and individuality theft.

According to NIBSS, the banking manufacture is inactive earnestly threatened by fraudulent activities. Photo Credit: Contributor
Source: Getty Images

However, NIBSS and the Economic and Financial Crimes Commission (EFCC) were capable to efficaciously retrieve N1.74 cardinal to halt these amerciable actions and reclaim stolen cash.

The probe focuses connected instances wherever scammers took vantage of systemic flaws, specified arsenic opening accounts utilizing identities they had stolen, manipulating Bank Verification Numbers (BVNs), and transferring funds without authorization done compromised slope employees.

GTBank, Zenith Bank, others to frost slope accounts

Legit.ng reported that The Economic and Financial Crimes Commission's (EFCC) petition to frost 67 slope accounts crossed galore banks successful narration to a purported N52.9 cardinal fraud was granted by the Federal High Court successful Abuja.

The exertion was granted by Justice Emeka Nwite aft EFCC lawyer Martha Babatunde submitted an ex-parte motion. Miracle Anameze filed the question ex-parte, specifically designated arsenic FHC/ABJ/CS/1895/V/2024.

The EFCC requested a tribunal bid enabling its chairman, Ola Plucked, oregon immoderate different designated idiosyncratic to nonstop slope managing directors to frost peculiar accounts, stopping each transactions portion the enquiry is ongoing.

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Source: Legit.ng