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Man Hacks Into The Server Of A Nigerian Bank, Takes ₦1.87 Billion (Photo)

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The Nigerian police detective has apprehended a 38-year-old Nigerian man after he allegedly hacked into the server of a bank to loot a whooping ₦1.87 billion.

Salau Abdulmalik Femi, who was arrested by detectives from the Special Fraud Unit (SFU) of the Nigeria Police Force (NPF) according to reports is the kingpin of a syndicate that specializes in hacking into the servers of banks and corporate agencies.

He met his waterloo after he allegedly hacked into the Flex-Cube Universal Banking System (FCUBS) of a first-generation bank.

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In a statement, disclosed by the spokesman of the Special Fraud Unt, Ikoyi, Lagos, DSP Eyitayo Johnson, he stated that the suspect created fictitious credits totaling ₦1.87bn on the accounts of three of the bank’s customers, using application software.

Speaking further, Johnson revealed that the suspect successfully consummated debits (outflows) amounting to ₦417.5m through internet banking transfers to other banks.

According to him, the unit while carrying out investigation on a petition from the affected bank, contacted the Central Bank of Nigeria (CBN) and the deposit money banks which customers were beneficiaries of the fraudulent funds and that in the process was able to salvage a substantial amount.

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“Items recovered from the suspect include an Apple laptop and an iPhone. He and operators of some Bureau De Change (BDC) who used to launder the monies will be charged to court as soon as investigation is concluded,” he said.

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