Hacker breaches Moniepoint vault, steals ₦1.1bn A 43-year-old man, Sunday Ozimede, who allegedly hacked Moniepoint Microfinance Bank’s vault and stole the sum of ₦1,190,728,076 billion from the bank, was on Monday arraigned by the police before the Federal High Court in Lagos State. The defendant is facing three counts of conspiracy, hacking, and obtaining by false pretence, preferred against him by the Police Special Fraud Unit (PSFU). The PSFU’s Prosecution Counsel, Justine Enang, told the court that the defendant allegedly hacked the microfinance bank and obtained the sum of ₦945,728,076 million by...