Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested Olawole Sunday, a suspected internet fraudster accused of purchasing bank account details from individuals to carry out financial crimes.
According to a statement on Monday from the EFCC’s Head of Media and Publicity, Dele Oyewale, Sunday’s scheme involved recruiting young people to open multiple bank accounts, for which he paid them between N25,000 and N50,000 per account. He then collected their full banking details, including ATM cards.
The investigation began after Sunday allegedly used the account details of one Uyi Eghosa to defraud an unsuspecting victim of N2 million, claiming it was for forex trading. Eghosa, who was arrested, told investigators he was unaware that his account was being used for fraudulent activities. He admitted to giving Sunday his account details and ATM card in exchange for a N25,000 payment.
Oyewale further explained, “Sunday’s operation involved recruiting young individuals to open multiple bank accounts and pay them between N25,000 and N50,000 for each account, after which he collected their banking information, including ATM cards. He used the account details of Uyi Eghosa to defraud a victim of N2 million in a forex scam.”
Sunday confessed to the crime after his arrest and will be charged in court once investigations are completed.