Man Hacks Into The Server Of A Nigerian Bank, Moves N1.87 Billion

Man Hacks Into The Server Of A Nigerian Bank, Moves N1.87 Billion

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Detectives from the Special Fr*ud Unit (SFU) of the Nigeria Police Force (NPF) have arrested a 35-year-old fr*udster, who hacked into the server of a Nigerian financial institution to steal N1.87 billion.
The suspect, Salau Abdulmalik Femi, who is the kingpin of a syndicate that specialises in hacking into the servers of banks and company agencies, used to be arrested after he hacked the Flex-Cube Universal Banking System (FCUBS) of a first era bank.

The spokesman of SFU, Ikoyi, Lagos, DSP Eyitayo Johnson, in a statement, stated the suspect, the use of utility software, created fictitious credit totalling N1.87bn on the debts of three of the bank’s customers.

DSP Johnson stated the suspect efficiently consummated debits (outflows) amounting to N417.5m via web banking transfers to different banks.

He stated the unit, whilst appearing unexpectedly on a petition from the bank; contacted the Central Bank of Nigeria (CBN) and the credit cash banks which customers had been beneficiaries of the fr*udulent money and that in the method used to be in a position to salvage a sizeable amount.
he stated:
“Items recovered from the suspect encompass an Apple laptop computer and an iPhone, and he and operators of some Bureau De Change (BDC) used to launder the monies will be charged to courtroom as quickly as investigation is concluded,”.

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