The Economic and Financial Crimes Commission has arrested the new Nigerian People’s Party candidate for Kogi State Council Ismaila Atumei for 326 million Nigerian dollars and $140,500 in cash, ANEDOONLINE.NG has confirmed.
Kogi State House of Assembly Atumeyi, who is about to represent the Ankpa 11 constituency, Sunday 30 October 2022, certain alleged serial fraudsters, along with Joshua Dominic, undercover in Macedonia Street. was murdered and arrested in Queens He Estate, Karsana, Gwarinpa, Abuja.
Abdumalik Femi, a former bank employee, has also been arrested in connection with the fraud on suspicion of providing inside information that allowed the
syndicate to attack the bank.
EFCC spokesman Wilson Wujaren confirmed to correspondents that Femi was picked up today (Tuesday, November 1, 2022) at his hotel in Lagos, Radisson His Bull.
“Following his arrest, a search of his home at his Morgan estate in Ojodu was conducted and a total of $470,000 was seized.
“The arrest of the suspects followed months of investigation into the hacking of one of the commercial banks by a syndicate of fraudsters who pulled off a heist of N1.4billion,” he said.
The syndicate allegedly moved N887 million into the account of Fav Oil and Gas limited, from where the monies were paid to several Bureau de Change operators and some auto dealers for exchange into United States dollars and purchase of high-end cars.
Dominic, who has severally been arrested for fraud, allegedly helped Atumeyi perfect the hacking plan through Abdumalik. Dominic, a self-styled investment expert and Managing Director of Brisk Capital Limited was arrested in May 2021 by the Special Fraud Unit of the Nigeria Police for alleged N2 billion investment scam. He allegedly defrauded over 500 persons in a phony investment scheme.
Two Range Rover Luxury SUVs were also recovered from the two suspects arrested in Abuja.
Uwujaren noted that the suspects would be charged to court as soon as the investigation was concluded.
Meanwhile, the commission expresses concern about the rising spate of cyber-attacks on banks and the reluctance of the institutions to report such breaches to law enforcement.
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While warning that such reticence would only embolden the criminals, the EFCC appeals to financial institutions to collaborate with it to secure the financial sector from threats of cyber-attacks.
The EFCC had in the wake of the recent announcement by the Central Bank Nigeria of plans to redesign and re-issue higher denominations of the naira, warned Bureau de Change operators to be wary of currency hoarders who would attempt to seize the opportunity to offload the currencies they had illegally stashed away.
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