67-year-old woman hacks First Bank account, steals N16million CeejayInfo | No. 1 Information Site

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Wednesday, 19 June 2019

67-year-old woman hacks First Bank account, steals N16million


A businesswoman, Wuraola Folashade Oluloye, arrested for hacking a First Bank Plc account and stealing a customer’s N16.2million, was Tuesday brought before an Igbosere Magistrates’ Court, Lagos.

Oluloye, 67, was arraigned by the Lion Building Police Division, Lagos on five counts of fraud and fraudulent diversion, according to a charge marked B/33/2019, The Nation reports.

The prosecution counsel George Nwosu told the court that the defendant was arrested following a complaint by First Bank through its Head of the Department of Forensic Auditors, Mr. Solomon Akhanolu.

Nwosu told the court that the defendant committed the alleged offences between last October 16 and December 31, at First Bank’s Agidingbi Branch, Lagos.

The court heard that Oluloye allegedly hacked the account of a First Bank customer, Emefiele Ogbor, with account No 3014419974.

She withdrew N16,200,000 and transferred same to her accounts in Stanbic IBTC, Union, Sterling and First banks.

The defendant subsequently withdrew the money from the four accounts and converted it to her use.

First Bank discovered the fraud during an audit and blocked the defendant’s bank account.

But when Oluloye showed up at the bank to make withdrawals, the police were waiting and she was arrested.

Chief Magistrate Folashade Olukoya granted Oluloye, who pleaded not guilty, N500,000 bail with two sureties in the like sum, among other conditions.

She remanded the defendant in Kirikiri Prison, Apapa Lagos and adjourned till June 24.

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