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| Samuel |
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| Friday |
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| Salihu |
The Economic
and Financial Crimes Commission, EFCC has arrested two bureau de change
operators: Salihu Liman Mahmoud and Dan Asabe Ibrahim and two University of Jos
undergraduates, Isaiah Friday and Azzaior Samuel over an alleged N2.05 billion fraud.
The
fraudsters, who specialize in breaking into the computer data base of financial
institutions, in order to carry out dry posting of funds, were arrested in Lagos and Jos. Their arrest comes on the heels of a petition which the
Commission received from Union Bank of Nigeria Plc, Marina, Lagos sometimes in
January 2013, alleging that a criminal attack had been launched on its data
base known as “Flexcube”, by unknown criminals who falsified the bank records
and accounts and created unjustified huge opening balances in several accounts
across the bank’s branches and subsequently transferred funds from those
accounts to several accounts in other banks.
The petition,
which was signed by one A.F Olufade, Head of Fraud Investigation at the bank,
said cash withdrawals and electronic transfers totalling over N2.05Billion was
involved in the scam.
Upon
receiving the petition, the Commission's Banks and Other Financial Institutions
Fraud section swung into action. Investigations by the Commission however
revealed that Isaiah Friday, who was carrying out computer system maintenance
services for one of Union Bank branches in Jos on a part-time basis paved way
for the fraudsters to penetrate the bank’s database. Friday was traced and
arrested. His arrest led to the arrest of Azaaior Samuel.
Investigations
further revealed that Mahmoud, who is the mastermind of the fraud with others
now at large, had approached Samuel if he knew anyone working with the Union Bank.
Samuel gave Friday's contact and Friday was contacted. They told him they
needed access to the bank's database in order to carry out some postings. They
promised to give Friday N1, 500,000 (One Million Five Hundred Thousand) if the
deal succeeded. Friday obliged and on the day the crime was committed, Samuel
disguised as a colleague of Friday who had accompanied him to work in order to
gain access to the bank’s premises. They carried out the postings to six different
company accounts domiciled in Union Bank's Marina
branch in Lagos.
The accounts
are: Gona Bureau De Change Limited, Jaxmine Bureau De Change Limited, Dan Kawu
Bureau De Change Limited, Godswill Great Communications, ZHG Services Limited
and A and B Console Limited. The postings were carried out and the syndicate
thereafter went to the bank to draw all the funds. Friday was paid as promised
and other syndicate members now at large shared the remaining balance.
Meanwhile,
the EFCC has so far been able to recover the sum of $2,129,900 (Two
Million, One Hundred and Twenty Nine Thousand Nine Hundred Dollars only)
and another N134,542,720 ( One Hundred and Thirty Four Million, Five Hundred
and Forty Two Thousand, Seven Hundred and Twenty Naira only) from the
fraudsters. Other items recovered include: furniture worth N10 million from
Salihu Liman's one bedroom apartment in Yaba, Lagos, four vehicles, landed
properties in Kano and Kaduna and a four bedroom duplex worth N45 million in
Lagos.
Investigation
in to the scam continues.
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