The Financial and Monetary Crimes Fee (EFCC) on Wednesday apprehended 4 people over alleged cyber fraud.
The ringleader of a syndicate specializing in hacking financial institution databases, Chima Anthony Nwigwe, was arrested together with three accomplices.
Effiong Victor Emmanuel, Mohammed Bello Mahmud, Managing Director of Downtown Final Restricted, and Damian Ali are the three.
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The suspects have been arrested throughout a sting operation in Abuja for alleged conspiracy, unauthorized entry to financial institution techniques, and fraudulent withdrawals from depositors’ accounts.
The arrests adopted actionable intelligence indicating the group’s involvement in hacking and compromising business financial institution databases, leading to illicit transfers and withdrawals by digital platforms. EFCC operatives acted swiftly to intercept the suspects, stopping additional monetary losses to affected banks.
The EFCC confirmed that investigations are ongoing, with the suspects set to face formal prices in court docket upon conclusion. The fee reiterated its dedication to defending Nigeria’s monetary sector from cybercriminals and making certain justice is served.
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