The Economic and Financial Crimes Commission (EFCC) has arrested four individuals in Abuja for their suspected involvement in a bank hacking syndicate.
The suspects include Chima Anthony Nwigwe, who is believed to be the mastermind, along with Effiong Victor Emmanuel, Mohammed Bello (managing director of Downstone Ultimate Limited), and Daminan Ali.
Dele Oyewale, the EFCC Head of Media & Publicity, stated in a release that the arrests were made during a sting operation based on actionable intelligence regarding the group’s activities. The suspects are accused of conspiracy, unauthorized access to banking computer systems, and fraudulent withdrawals of depositors’ funds.
According to the EFCC, the suspects compromised the databases of commercial banks, leading to fraudulent transfers and withdrawals through various digital platforms. They are expected to be charged in court following the conclusion of the ongoing investigations.