How We Hacked Over 1000 Bank Accounts, Stole Money Undetected - Suspects Confesses

According to a statement released on Tuesday by the spokesperson of the Zone 2 Police Command in Lagos State, the suspects who specialise in hacking local banks, were nabbed at their hideout in Ijebu Ode, Ogun State, following a petition by the United Bank for Africa (UBA).

On interrogation, the suspects were said to have confessed to hacking over 1000 bank accounts using customer's BVN linked phone numbers and stealing their money undetected.

The statement read;

"On May 8, 2023, a petition was submitted by United Bank for Africa to the Assistant Inspector General of Police that there are some syndicates that specialise in internet fraud of various banks in Nigeria, most especially United Bank for Africa, in which they hack into customers' accounts and move their monies.

"Based on the petition, the AIG raised a team of detectives from the Zonal Monitoring Unit, who swung into action with the aid of modern technology, and two suspects, Yusuf Ademola, 40, and Adesina Abiodun, 50, were tracked down at their hideout in Ijebu Ode, Ogun State.

"The suspects confessed to the crime that they have many syndicates all over Nigeria and that they use software to hack into customers' accounts and move their money undetected from any bank they wish. However, the modus operandi of these fraudsters is to have a customer's BVN linked phone number and bank alert for easy transfer of the money."

"In the interim, the investigation is still ongoing and suspects will soon be arraigned in court upon completion of the investigation".