EFCC Arrests Four Suspected Bank Hackers in Abuja

EFCC Arrests Four Suspected Bank Hackers in Abuja

Operatives of the Economic and Financial Crimes Commission (EFCC) have apprehended four individuals for allegedly hacking into banks’ computer systems without authorization.

The suspects, who are also accused of fraudulently withdrawing funds from depositors, include the alleged leader of the syndicate, Chima Nwigwe, as well as Effiong Emmanuel, Mohammed Mahmud—Managing Director of Downstone Ultimate Limited—and Damian Ali.

EFCC spokesperson Dele Oyewale announced the arrests in a statement on Tuesday, revealing that the suspects were captured during a sting operation in Abuja.

“The Economic and Financial Crimes Commission has arrested Chima Anthony Nwigwe, the suspected leader of the bank hacking syndicate, along with three others: Effiong Victor Emmanuel, Mohammed Bello Mahmud, managing director of Downstone Ultimate Limited, and Damian Ali for alleged conspiracy, unauthorized access to banks’ computer systems, and fraudulent withdrawal of depositors’ funds,” Oyewale stated.

He added that the arrests followed actionable intelligence regarding their suspected activities, which involved compromising the databases of commercial banks and executing fraudulent transfers and withdrawals through various digital platforms. The suspects are expected to face court proceedings once the investigation is complete.