After Nigerian bank loses $10 billion, EFCC arrests four hackers and releases their names

• Amid rising fraud cases, four Nigerians arrested for hacking into bank computer systems
• The suspects were exposed by the operatives of the UBFZ
• A Federal High Court in Abuja recently froze for 30 days 818 bank accounts linked to a $10 billion cyber attack.

The Economic and Financial Crimes Commission (EFCC) has arrested four people suspected of abusing banking systems and fraudulently withdrawing funds.

The suspects have been identified as Chima Nwigwe, Effiong Emmanuel, Mohammed Mahmud and Damian Ali, Punch reports.

According to EFCC According to the spokesperson, Dele Oyewale, the accused gained unauthorized access to the banks’ computer systems, allowing them to withdraw huge sums from depositors’ accounts through various digital platforms.

The the statement reads:p

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“The Economic and Financial Crimes Commission, EFCC, has arrested Chima Anthony Nwigwe, the suspected leader of the bank hacking syndicate together with three others, Effiong Victor Emmanuel, Mohammed Bello Mahmud, Managing Director of Downstone Ultimate Limited and Daminan Ali on charges of conspiracy, unauthorized access. to computer systems of banks and fraudulent withdrawal of depositors’ funds.

“They were arrested during a special operation in Abuja following operational intelligence on their suspected involvement in hacking, undermining the databases of commercial banks, thereby causing fraudulent transfers and withdrawal through various digital platforms.’

The bank lost 10 billion euros

In connected development, a Federal High Court in Abuja ordered the freezing for 30 days of 818 bank accounts suspected of involvement in the €10 billion cyberattack on Hope Payment Service Bank.

Freezing procedureissued on October 15, 2024 by Justice James Omotosho, is based on an ex parte petition filed by the Inspector General of Police (IGP).

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The IGP’s legal team, supported by the affidavit of a Nigerian police officer, Mohammed Idris, alleges criminal diversion of funds and conspiracy involving Hope Payment Service Bank and various financial institutions.

NCC warns Nigerians, exposes tricks of fraudsters

Meanwhile, in another report, the NCC received 20,000 complaints from Nigerians who were victims of telecom fraud.

The commission discloses that many fraudsters pretend to be telecom operators or loan sharks in order to cheat people and extract money from them.

NCC wants Nigerians to be cautious when dealing with suspicious phone calls, messageor requests.

Source: Legit.ng