Olawole Sunday, a suspected internet fraudster, was arrested by agents of the Economic and Financial Crimes Commission (EFCC) for allegedly purchasing bank account details from individuals to facilitate financial crimes.
In a statement on Monday, Dele Oyewale, the EFCC’s head of Media and Publicity, revealed that Sunday’s fraudulent operation involved recruiting young people to open multiple bank accounts.
Oyewale accused Sunday of paying between N25,000 and N50,000 for each account, in exchange for obtaining the full banking details of the individuals, including their Automated Teller Machine cards.
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He mentioned that the issue arose when Sunday reportedly used the account details of one Uyi Eghosa to deceive a victim, leading to a N2 million fraud under the false claim of participating in forex trading.
Oyewale stated that Eghosa was arrested and, during questioning, denied any knowledge of the fraudulent activity involving his account.
He further added that Eghosa told investigators he had given Sunday his account details and ATM card in return for a payment of N25,000.
He said, “Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, have arrested one Olawole Sunday, a suspected fraudster who specialised in buying bank accounts’ details from individuals with which he defrauds unsuspecting members of the public.
“Sunday’s modus operandi involved encouraging young people to open multiple bank accounts, pay them either N25,000 or N50,000 for each account and collect their bank details, including Automated Teller Machine cards.
“Sunday allegedly employed the account details of one Uyi Eghosa to defraud a petitioner of the sum of N2 million under the guise of trading in forex. The account owner, Eghosa, was arrested, and his disclosure that he was unaware that his account was used in defrauding members of the public led to Sunday’s arrest.”
Oyewale further stated that Sunday, upon his arrest, admitted to the crime and would be charged in court once the investigations were concluded.
