How an NSCDC Official & 4 Others Hacked and Withdrew N114.8m from a Bank Account - Uju Ayalogu's Blog for News, Reviews, Articles and More

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Thursday, 10 March 2016

How an NSCDC Official & 4 Others Hacked and Withdrew N114.8m from a Bank Account

How an NSCDC Official & 4 Others Hacked and Withdrew N114.8m from a Bank Account

A 29-year-old man believed to be a staff of the Nigeria Security and Civil Defence Corps, alongside four others have been arrested and charged to court in connection with theft. 

A staff of the Nigeria Security and Civil Defence Corps (NSCDC), Odewale Moroof, 29, alongside four others have been arrested and charged to court for hacking into an account of a new generation bank and withdrew the sum of N114, 806, 000 without authorisation and converted the money to their personal use.

According to DailyPost, the suspects: Adejumo Saheed, 37, Sylvester Ozoikie, 36, Akinsanya Olayiwola, 35 and Dickson Ologwu, 23, who were arrested by operatives of the X Squad of the Force Criminal Investigation Department (FCID), Alagbon Close, Ikoyi, Lagos state, were Tuesday, arraigned before an Igbosere Magistrates’ Court, Lagos, on a two-count charge of felony and stealing.

ASP Henry Obiazi, a Police prosecutor in charge No B/14/2016, said the accused persons committed the offence in November, 2014 at the headquarters of the new generation bank in Victoria Island, Lagos.

Obiazi noted that the accused persons connived with others still at large to hack into the account of the bank to withdraw the said amount and transferred the money into 69 accounts from where they withdrew the money and shared it.

"The offences are punishable under sections 409 and 285(5)(a) of the criminal Laws of Lagos State, 2011," the prosecutor said.

The accused persons however pleaded not guilty as the presiding Magistrate, Miss A. O. Awogboro admitted them to bail in the sum of N10m each with two sureties each in like sum, one of whom must be a blood relation.

The Magistrate directed that one of the sureties must have a property on Lagos Island with valid documents.

Awogboro adjourned the matter till 23 March, 2016 for mention, ordering that the accused persons be remanded at Ikoyi prison pending when they will fulfill their bail conditions.


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