The Police Special Fraud Unit (PSFU) in Lagos has detained two individuals, Ikeocha Daniel, 34, and Sylvester Ebeta, 33, in connection with an alleged fraud involving N613 million. The unit’s spokesperson, SP Eyitayo Johnson, confirmed their detention on Saturday.
The suspects are accused of conspiring to defraud a leading Nigerian Financial Technology (FinTech) company through fraudulent means. The alleged offences took place between January 19, 2022, and October 12, 2023. According to Johnson, a system or network glitch caused the firm’s Payment Gateway Web Merchants to receive multiple credits for refunds issued to cardholders. These refunds were then deposited into merchant accounts across various banks and later withdrawn or transferred.
Daniel is reported to have unlawfully benefited from N402,980,200, while Ebeta allegedly converted or diverted N211,000,000. The suspects are accused of exploiting the system glitch to make numerous withdrawals, which they then distributed among themselves, their associates, and other bank accounts.
Efforts to evade arrest included disabling their mobile lines and relocating from known addresses. However, PSFU detectives eventually tracked down and apprehended them.
The suspects have reportedly confessed to their involvement in the crime. The unit's legal section has filed criminal charges against them.
No comments:
Post a Comment