The Economic and Financial Crimes Commission (EFCC), Benin Zonal Directorate, has arrested a suspected fraudster, Olawole Sunday, who buys bank account details for fraudulent activities. The division noted that Sunday purchases the information from individuals with whom he defrauds unsuspecting members of the public.
Providing further details, EFCC said his modus operandi involved encouraging young people to open multiple bank accounts, pay them either N25,000 or N50,000 for each account, and collect their bank details, including Automated Teller Machine (ATM) cards.
In one of his operations, Sunday allegedly deployed the account details of a victim, Uyi Godstime Eghosa, to defraud a petitioner of N2 million under the guise of trading in forex. According to the EFCC, the account owner, Eghosa, was arrested and claimed he was unaware that his account was used by fraudsters. His confession led to Sunday’s arrest.
In addition, Eghosa explained that he provided his account details and his ATM card on Sunday after he received a N25,000 payment. Upon his arrest by the agency, Sunday confessed to the crime and would be made to face the wrath of the law upon conclusion of investigations.
While Sunday’s case is one of many, it further reinstates the high rate of Cybercrime in the country and the world at large.
