Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested one Olawole Sunday, a suspected fraudster notorious for purchasing bank account details to carry out fraudulent transactions.
According to a statement from the EFCC, Sunday’s fraudulent scheme involved recruiting young individuals to open multiple bank accounts. He paid them between N25,000 and N50,000 per account in exchange for their account details, including Automated Teller Machine (ATM) cards.
His arrest followed an investigation into a case involving the fraudulent transfer of N2 million from a victim under the pretense of a forex trading investment. The transaction was traced to a bank account belonging to one Uyi Godstime Eghosa, who was promptly arrested.
During interrogation, Eghosa claimed he had no knowledge of the fraudulent activity and disclosed that he had sold his account details and ATM card to Sunday for N25,000. This confession led EFCC operatives to apprehend Sunday.
Upon arrest, Sunday reportedly confessed to the crime and admitted to using purchased bank accounts to defraud unsuspecting victims.
The EFCC has confirmed that Sunday will be charged to court upon the completion of ongoing investigations. The agency also warned the public against selling or surrendering personal bank account information, as such actions could make individuals complicit in criminal activities.
About the Author
