Hackers Access Sterling Bank Accounts Steal N1.257 Billion As Customers Panic Over Loss

 

Sterling Bank Plc has lost a staggering N1.257 billion to an alleged five man internet Fraudster, have been arraigned before justice ambrose Lewise- Allagoa of a Federal High Court, Lagos, for allegedly  hacking platform and Bance Application, and removed a whooping sum of N1,257,536,572.50 billion.

The alleged five-man Internet fraudsters arraigned before the court on Friday, are: Victor Nwabueze Ogochukwu “M” 50; Favour Odey “F” 22; Adekunle Daniel “M” 34; Akachukwu Alagbogu and 28 years old Oguntade Yetunde “F”.

They were before the court by the operatives of the Police Special Fraud Unit (PSFU), Ikoyi, Lagos.

The prosecutor, Barrister Justine Enang, informed the court that all the defendants and others now at large, conspired among themselves and committed the alleged infractions between November 3 and 4, 2024.

To carry out the alleged fraud, Enang told the court that the defendants collaborated with both the internal staff of Sterling Bank and external parties for possible compromise on sensitive data and security system of the bank by using international mobile equipment identity 14984244, IP address 84252.113.3 & 88 transaction.

He informed the court that the alleged acts of the defendants contravened sections 27(1)(b); 14(1) of the Cyber Crimes (Prohibition, Prevention Etc.) Act, 2015 as amended in 2024, Read along with section 14(1) of the same Act.

Enang also told the court that the defendants’ act was contrary to and punishable under Section 18(2)(b) & (d) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.