Oct. 29, 2024

The Economic and Financial Crimes Commission, EFCC, has arrested one Chima Anthony Nwigwe, suspected leader of banks’ hacking syndicate.

According to the EFCC in a statement on Tuesday, Chima was arrested alongside three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud, managing director, Downstone Ultimate Limited and Daminan Ali for alleged conspiracy, unauthorised access to banks’ computer systems and fraudulent withdrawal of depositors’ funds.

They were arrested in a sting operation in Abuja following actionable intelligence about their suspected involvement in hacking, compromising databases of commercial banks, thereby causing fraudulent transfers and withdrawals through different digital platforms.

The suspects will be charged to court upon conclusion of investigations.