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Court Jails Hackers, Abass Mohammed and Others Who Defrauded Union Bank Of N2,550,000,000
The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the conviction of one Abass Mohammed and a Bureau De Change operator, Ibrahim Saidu Jogal, who connived to hack into the Flexcube database of Union Bank and defrauded the bank of N2,550,000,000.
The commission received a petition alleging that fraudsters had hacked into the bank’s database and diverted the sum of N2,550,000,000.
Investigation into the petition revealed that the said money was fraudulently credited into the accounts of mostly BDC operators including one Jaxmine BDC, Gona BDC and Great Well Communication.
It was further revealed that Mohammed sourced for the account details of Jaxmine BDC from one of his friends, Lawal Ubah, who was a signatory to the account, and subsequently gave the details to one Salisu Liman (aka Zico), the ringleader of the syndicate.
The sum of N450m was then credited into the account.
Subsequently, the sum of N79m was transferred from the account of Jaxmine BDC into the account of Digare BDC owned by Jogal for the purpose of buying $500,000.
Further investigations revealed that Jogal only paid $80,000 to Mohammed and kept the balance of $420,000.
Jogal, investigations also revealed, said that he got information that the money was not genuine but fraudulent, thereby prompting Mohammed to open up to him that the money was stolen.
They were arraigned before Justice K.A. Jose of the High Court sitting in Igbosere, Lagos, on three-count charge bordering on conspiracy, retention and use of proceeds of criminal conduct contrary to Section 331(1)(b) of the Criminal Laws No. 11, Vol 44 of Lagos State 2011.
They pleaded “not guilty” to the charges, paving the way for the commencement of their trial.
In proving its case against them, the EFCC presented three witnesses – Vincent Agwu, a Union Bank official, and two investigators, Joseph Nkeson and Aliyu Abubakar.
Several documents were also tendered in court by the prosecution.
Delivering judgment, Justice Jose found the defendants guilty on counts two and three and discharged them on count one, which bordered on conspiracy to defraud.
Mohammed was sentenced to a term of one year in prison.
The trial judge further ordered that the sum of $37,000 and $7,000 recovered from him by the EFCC should be handed over to Union Bank, while the car recovered from him should be sold and the proceeds given to the bank.
Justice Jose observed that Jogal showed no contrition and failed to pay back a substantial sum of the money traced to him.
Subsequently, he was sentenced to a term of three years and ordered to return the sum of $220,000 and another $200,000 earlier recovered from him by the EFCC to Union Bank.
The judge also ordered that his property whose title documents he gave to the commission, should be sold and the proceeds handed over to the bank.
The Awujale and paramount ruler of Ijebuland, Oba Sikiru Kayode Adetona, has passed away at the age of 91.
The respected monarch reportedly died on Sunday, just hours after the announcement of the death of his longtime friend and former President, Muhammadu Buhari.
Mourning his passage, a prince of Ijebu, Prince Adedoyin Alatishe wrote on X, “Baami Ogbagba agbatewole , Erin wo. Omo anikilaya saagbu.”
Adetona, who ascended the throne in 1960, was one of Nigeria’s longest-reigning traditional rulers and widely revered for his contributions to the sociopolitical development of Ijebuland and Ogun State at large.
Former president muhammadu Buhari has died at a hospital in London this afternoon according to the family, He was former military head of state in 1983.
The family of the former president has announced the passing on of the former president, Muhammadu Buhari, GCFR, this afternoon in a clinic in London. May Allah accept him in Aljannatul Firdaus, Amin.”
Detials later
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Breaking : Tinubu returns to Abuja tonight after diplomatic visits to Saint Lucia, Brazil,Says Onanuga
President Bola Ahmed Tinubu is expected to arrive Abuja later tonight following a two-nation diplomatic tour that took him to Saint Lucia in the Caribbean and Brazil in South America.
His return was confirmed in a message posted on Saturday afternoon by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, on his verified X handle, @aonanuga1956.
“President Bola Ahmed Tinubu returns to Abuja today after his two-nation visit to Saint Lucia and Brazil,” the presidential aide stated.
The President departed Nigeria on Saturday, June 28 for what was described as a strategic outreach aimed at strengthening ties with regions historically under-engaged in Nigeria’s diplomatic matrix.
His first stop was Saint Lucia, where he made a historic visit to build new ties and explore emerging partnerships with Caribbean states.
While in Saint Lucia, Tinubu interacted with regional leaders under the Organisation of Eastern Caribbean States (OECS), reinforcing Nigeria’s growing interest in Caribbean diplomacy and South-South cooperation.
He subsequently proceeded to Brazil to participate in the 17th BRICS Summit held in Rio de Janeiro.
On the sidelines of the summit, President Tinubu held a bilateral meeting with his Brazilian counterpart, President Luiz Inácio Lula da Silva.
The leaders co-chaired the Nigeria-Brazil high-level bilateral meeting , where they discussed mechanisms to boost trade, infrastructure financing, and cultural cooperation between Africa’s most populous country and Latin America’s largest economy.
With the President’s return, focus is expected to shift to domestic engagements and follow-up actions on the diplomatic and investment commitments made during his foreign tour.
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