EFCC Arrests Suspected Fraudster Buying  Bank Accounts Details for Fraud

Olawole Sunday, a suspected fraudster who specialized in purchasing bank account information from individuals to defraud unsuspecting members of the public, has been apprehended by operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).

Sunday’s modus operandi involved encouraging young people to open multiple bank accounts, paying them either N25,000 or N50,000 for each account, and collecting their bank details, including Automated Teller Machine (ATM cards. 

Sunday allegedly employed the account details of one Uyi Godstime Eghosa to defraud a petitioner of the sum of N2 million under the guise of trading in forex.

The account owner, Eghosa, was arrested, and his disclosure that he was unaware that his account was used in defrauding members of the public, led to Sunday’s arrest.

READ MORE:

• Aliko Dangote Foundation Meets Islamic Development Bank Leadership in Jeddah
• NADECO to Launch Ayo Opadokun’s Memoir, Honour Media and Democracy Heroes at Wole Soyinka-Led Event in Lagos on May 20
• Invest In Lagos 3.0 To Attract N4trn In Local & Foreign Direct Investment
• ADC  Slams APC Governors, Says Using FAAC Funds for Tinubu’s Campaign Is “Criminal, Shameless”
• Trapped Between Nigeria’s Failure and South Africa’s Xenophobic Violence

 Eghosa explained that he relinquished his account details,  including his ATM card, to Sunday after a N25,000 (Twenty-five Thousand Naira) payment to him.

Sunday,  upon his arrest, confessed to the crime and would be charged to court as soon as investigations are completed.