Home Big Story EFCC names wanted suspect in N6.2b bank heist, arrest 3 in botched bank hacking

EFCC names wanted suspect in N6.2b bank heist, arrest 3 in botched bank hacking

EFCC names wanted suspect in N6.2b bank heist, arrest 3 in botched bank hacking
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Godswill Oyegwa Oyoyou, a 38 year old banker has been declared wanted by the Economic and Financial Crimes Commission (EFCC) for fraudulent conversion of N6.28 billion funds belonging to customers of an unnamed ‘new generation’ bank.

Godswill Oyegwa Oyoyou, shown in EFCC photo
Godswill Oyegwa Oyoyou, shown in EFCC photo

According to the anti graft agency, Godswill allegedly conspired with some scammers and obtained a whooping sum of N6.28 billion from his bank after hacking the bank’s database.

[blockquote cite=”EFCC”]In the arrangement, an electronic device called Keelog Key Grabber would be used to harvest passwords of some of the key operation staff of the bank. The grabber was meant to be plugged into the computer system of the Head of Operation of a particular branch, to retrieve information technology configuration settings from the computer system and pave the way for the fraudsters to move customers’ funds out of the bank, according to the law enforcement agency.[/blockquote]
The suspect who hails from  Isoko South local government area of Delta State, until his “gross misconduct” works in the Information Technology(IT) of a new generation bank, according to EFCC.

A 3-man syndicate has also been arrested by the EFCC for attempted hacking of the database of Enterprise Bank, one of the banks in the country.

Ola Lawal, Olumide Kayode and Abbas Adekunle were arrested following a botched attempt to compromise Enterprise Bank’s system and steal depositors’ funds using an electronic device known as Keelog Key Grabber

EFCC said in a statement that the suspects were arrested based on information revealed by an insider about the dubious intention of the syndicate to the management of the bank.

Based on the information gathered, Ola Lawal wanted to connive with a member of  staff in the bank to hack into the system of the bank. The staff subsequently informed management of the bank and he was advised to play along with the hacker.

At the time of the arrest by EFCC, items recovered from the culprit include a keylogger, a laptop, a router, a modem, SIM cards, USB keyhole log with a template of keylogger and a jotter containing some account numbers which the suspects intended to use for the fraud.

A keylogger is a type of surveillance software that malicious people may use on public computers to steal passwords or credit card information.

The grabber was meant to be plugged into the computer system of the Head of Operation of a particular branch, to retrieve information technology configuration settings from the computer system and pave the way for the fraudsters to move customers’ funds out of the bank.

According to the EFCC, the suspects will be charged to court as soon as the investigation is concluded.

“Investigations showed that, a staff of the bank, was contacted by one of the suspected fraudsters, who proposed a business arrangement to him on how to hack into the system of the bank. The staff subsequently informed management of the bank and he was instructed to play along with the fraudster”, EFCC said.

According to the agency, “in the arrangement, an electronic device called Keelog Key Grabber would be used to harvest passwords of some of the key operation staff of the bank. The grabber was meant to be plugged into the computer system of the Head of Operation of a particular branch, to retrieve information technology configuration settings from the computer system and pave the way for the fraudsters to move customers’ funds out of the bank.”

However, “Lawal was arrested while trying to hand over the Keelog Key Grabber to the staff. His arrest led to the arrest of two other suspects: Olumide Kayode Maborukoje and Abass Ajibade.  Items recovered from them include: a keylogger, a laptop, a router, a modem, SIM cards, USB keyhole log with a template of keylogger and a jotter containing some account numbers which they intended to  use for the fraud.”

“Investigations showed that, a staff of the bank, was contacted by one of the suspected fraudsters, who proposed a business arrangement to him on how to hack into the system of the bank. The staff subsequently informed management of the bank and he was instructed to play along with the fraudster”, according to the agency.

In the arrangement, an electronic device called Keelog Key Grabber would be used to harvest passwords of some of the key operation staff of the bank. The grabber was meant to be plugged into the computer system of the Head of Operation of a particular branch, to retrieve information technology configuration settings from the computer system and pave the way for the fraudsters to move customers’ funds out of the bank, according to the law enforcement agency.

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Kolade Akinola Technology Journalist at Technology Times Mobile: + 234 (0) 807 401 6027

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