Suspected internet fraudsters have reportedly hacked into the bank account of an old generation bank transferring the sum of N523 million into eighteen different accounts.

According to a statement signed by the PRO, Police Special Fraud Unit, Lagos, the hackers executed the cyber-attack “during the weekend of Saturday 23rd April, 2022, through Sunday 24th April, 2022 to the early hours of Monday 25th April, 2022 before business opened.”

Aside from posting N523 million into eighteen different accounts in the same bank, the fraudsters reportedly transmitted to two hundred and twenty-five other accounts in twenty-two banks/financial institutions.

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The Police Special Fraud Unit confirmed that the sum of N160 million was recovered from different banks in the course of the investigation.

The Police Unit noted that its Legal Section, headed by CSP. E.A. Jackson, Esq; has successfully obtained an order of the Federal High Court sitting in Lagos for the forfeiture of the funds.

While two unnamed suspects have been arrested and will be charged to court when investigations are concluded, the Unit said, “operatives are following other leads in order to apprehend the remaining members of the syndicate.”

Estate developer on the run after duping tenants of N11m

In another case of fraud, previously reported that a family in Lagos is currently being held hostage by the police after an estate developer they contacted duped unsuspecting tenants.

The family, who pleaded to remain anonymous, narrated how they had contacted the estate developer to help complete their family house and lease it for 5 years, after which the family would start collecting the rent themselves.

However, they were shocked when they discovered that the developer had been fleecing unsuspecting tenants of their hard-earned money.

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In one of his shady deals, he got over N250,000 from a prospective tenant and a further N100,000 as agreement fee before making away with all the money.