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Bank Manager, 9 others arrested over N75m fraud

By Evelyn Usman
Seven staffers of one of the troubled banks rescued by the Central Bank of Nigeria (name withheld), one of them a manager, were, yesterday, arrested for allegedly hacking the bank’s network with a device known as Key logger and transferring N75 million from various accounts.

Also, three alleged accomplices, whose accounts the transferred sum were paid into have  been arrested, while two of the Key loggers were recovered from the suspects.

Parading the suspects before newsmen, yesterday, Lagos State Police Public Relations Officer, Mr. Samuel Jinadu, explained that the bubble burst following discovery by the  management of the bank that money had been syphoned from various accounts.

The device, popularly known as grabber or extractor, he said, was installed in systems of key staff of the bank from where information and code numbers of several accounts of customers  were hacked into.

In order to facilitate withdrawals, the alleged accomplices, he said, opened separate accounts in different branches of the bank where monies from the hacked system were paid into.

Preliminary investigation according to him, showed that the principal suspect, a driver in one of the branches, took the device first to Palm Groove branch and later to Surulere branch where one of the suspected members of the syndicate is the administration officer.

So far, Jinadu said the bank discovered that N75  million had been successfully withdrawn from various accounts, consequent upon which the case was reported to the Police.


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