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Access Bank Employees And Others Hack The Bank’s System, Stealing N3.5 Billion of Depositors’ Funds

The Economic and Financial Crimes Commission (EFCC) has arraigned three men before an Ikeja Special Offences Court on charges of allegedly stealing N3.5 billion from Access Bank.

The defendants, identified as Michael Igbomins, David Onyeike, and Moses Iruolaje, pleaded not guilty to the charges.

According to the prosecutor, a bank employee, who had been working as an IT representative for 16 years, connected an HP Elitebook laptop to his branch network. This allowed his accomplices remote access to the bank’s network, facilitating the fraud. He enlisted the help of the other defendants to move the money out.

The EFCC counsel, Abdulhamid Tukur, requested a trial date and for the defendants to be remanded in a correctional facility.

The defence counsel noted that no pending application was before the court and requested that all necessary actions be completed before the next adjourned date.

The prosecutor stated that the offences were committed in Lagos sometime in 2023. The defendants are accused of dishonestly stealing and converting N3.5 billion, belonging to Access Bank, for their own use.

The EFCC also alleged that the defendants knowingly retained the stolen funds, which were proceeds of an unlawful act. These actions are said to violate Section 17 of the EFCC Establishment Act, 2004, and Section 280 of the Criminal Laws of Lagos State 2015.

The trial judge, Olubunmi Abike-Fadipe, ordered the defendants to be remanded in Ikoyi Custodial Centre pending their bail hearing. The case was adjourned until November 28 for the commencement of the trial.

Source:- Naijaonpoint