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How Hackers Stole Money From Nigerian Bank Accounts Through BVN-linked Numbers

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How Hackers Stole Money From Nigerian Bank Accounts Through BVN-linked Numbers

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The Nigeria Police Force (NPF) has confirmed the arrest of two suspects involved in unauthorized access to over 1000 bank accounts in Nigeria.

The arrests were made following a petition filed by a tier-1 Nigerian bank, and the individuals were apprehended in Ijebu Ode, Ogun State.

The suspects, Yusuf Ademola and Adesina Abiodun, have confessed to using software to hack into customers’ accounts and transfer funds undetected.

The statement partly read: “The suspects confessed to the crime that they have many syndicates all over Nigeria and that they use software to hack into customers’ accounts and move their money undetected from any bank they wish.

“However, the modus operandi of these fraudsters is to have a customer’s BVN linked phone number and bank alert for easy transfer of the money. Over 1000 customers’ accounts have been hacked and defrauded across the country.”

Their modus operandi involves having access to customers’ BVN-linked phone numbers and bank alerts for easy money transfer.

It has been revealed that over 1000 customers’ accounts have been hacked and defrauded across the country.

The police are continuing their investigation and efforts to capture other individuals involved in these criminal activities.

This article was updated 4 months ago

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