Operatives from the Economic and Financial Crimes Commission (EFCC) have apprehended four individuals accused of unauthorized access to bank computer systems and fraudulent withdrawals of depositors’ funds.
The suspects include the alleged leader of the syndicate, Chima Nwigwe, along with Effiong Emmanuel, Mohammed Mahmud—Managing Director of Downstone Ultimate Limited—and Damian Ali.
EFCC spokesperson Dele Oyewale announced the arrests in a statement on Tuesday, noting that the individuals were detained during a sting operation in Abuja.
He said, “The EFCC has arrested Chima Anthony Nwigwe, suspected leader of a bank hacking syndicate, along with three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud, Managing Director of Downstone Ultimate Limited, and Damian Ali, for alleged conspiracy, unauthorized access to bank systems, and fraudulent withdrawal of depositors’ funds.
The arrests followed actionable intelligence on their suspected activities involving hacking and compromising bank databases, leading to unauthorized transfers and withdrawals through various digital platforms.”
Oyewale added that the suspects would be prosecuted once investigations are completed.
 have apprehended four individuals accused of unauthorized access to bank computer systems and fraudulent withdrawals of depositors' funds.){kind=link}