EFCC arrests four bank hackers

Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested four suspects for unauthorized access to banks’ computer systems.

The suspects are also accused of fraudulently withdrawing funds from depositors’ accounts.

Among those arrested is the leader of the syndicate, Chima Nwigwe, along with Effiong Emmanuel, Mohammed Mahmud—Managing Director of Downstone Ultimate Limited—and Damian Ali.

The EFCC spokesperson, Dele Oyewale, revealed this information in a statement on Tuesday.

Oyewale stated that the suspects were apprehended during a sting operation in Abuja. He said, “The Economic and Financial Crimes Commission (EFCC) has arrested Chima Anthony Nwigwe, the suspected leader of a banking hacking syndicate, along with three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud—Managing Director of Downstone Ultimate Limited—and Damian Ali.

They are charged with conspiracy, unauthorized access to banks’ computer systems, and fraudulent withdrawal of depositors’ funds.

“They were arrested in Abuja following actionable intelligence regarding their suspected involvement in hacking and compromising the databases of commercial banks, leading to fraudulent transfers and withdrawals through various digital platforms.”

He added that the suspects would be taken to court once the investigations are complete.

Proofreading by Uchechi Ojo, Sub-editor at NeptunePrime.