The Dabigal Blog
News

Man hacks into the server of Nigerian bank, steals N1.87 billion

Advertisements

A Nigerian man identified as Salau Abdulmalik Femi has been arrested by detectives from the Special Fraud Unit (SFU) of the Nigeria Police Force (NPF) for allegedly hacking into the server of a Nigerian bank to steal N1.87 billion.

Man hacks into the server of Nigerian bank, steals N1.87 billion

The suspect who is the kingpin of a syndicate that specialises in hacking into the servers of banks and corporate agencies, was arrested after he hacked the Flex-Cube Universal Banking System (FCUBS) of a first generation bank.

The spokesman of SFU, Ikoyi, Lagos, DSP Eyitayo Johnson, in a statement, said the suspect, using application software, created fictitious credits totalling N1.87bn on the accounts of three of the bank’s customers.

DSP Johnson said the suspect successfully consummated debits (outflows) amounting to N417.5m through internet banking transfers to other banks.

He said the unit, while acting swiftly on a petition from the bank; contacted the Central Bank of Nigeria (CBN) and the deposit money banks which customers were beneficiaries of the fr*udulent funds and that in the process was able to salvage a substantial amount.

“Items recovered from the suspect include an Apple laptop and an iPhone, and he and operators of some Bureau De Change (BDC) used to launder the monies will be charged to court as soon as investigation is concluded,” he said.

Related posts

Singer, Portable set to marry pregnant lover months after wedding to first wife

Hope Odabi

Bride-to-be, 21, passes away days after getting a b00b job to show off her cleavage in low-cut wedding dress

Hope Odabi

Popular Kenyan musician buys his own coffin

Hope Odabi

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More