November 01, (THEWILL) – The Economic and Financial Crimes Commission (EFCC) arrested the Kogi State House of Assembly candidate of the New Nigeria Peoples Party (NNPP), Ismaila Yusuf Atumeyi, with N326 million and $140,500 cash in a sting operation.
The anti-graft agency in a statement issued on Tuesday, by its Spokesperson, Wilson Uwujaren, said Atumeyi, who is seeking to represent Ankpa II state constituency in the Kogi State House of Assembly, was arrested alongside one Joshua Dominic, an alleged serial fraudster, at Macedonia Street, Queens Estate, Karsana, Gwarinpa, Abuja.
Following their arrests last Sunday, a former bank employee, Abdulmalik Salau Femi, who allegedly supplied the inside information that facilitated the attack on the bank by the syndicate, was also arrested at the Radisson Blu Hotel in Lagos on Tuesday.
“Following his arrest, a search was conducted at his home in Morgan Estate, Ojodu, where a total of 470,000 USD was recovered”, the statement said, adding that the three suspects were arrested following months of investigation into the hacking of one of Nigeria’s commercial banks by a syndicate of fraudsters, who pulled off a heist of N1.4 billion
“The syndicate allegedly moved N887 million into the account of Fav Oil and Gas Limited, from where the monies were paid to several Bureau de Change operators and some auto dealers for exchange into United States Dollars and purchase of high-end cars.
“Dominic, who has severally been arrested for fraud, allegedly helped Atumeyi perfect the hacking plan through Abdumalik. Dominic, a self-styled investment expert and managing director of Brisk Capital Limited was arrested in May 2021 by the Special Fraud Unit of the Nigeria Police for alleged N2 billion investment scam. He allegedly defrauded over 500 persons in a phony investment scheme”, the statement said,
Uwujaren said two Range Rover Luxury SUVs were also recovered from both Atumeyi and Dominic, adding that the suspects would be charged to court as soon as the investigation was concluded.
Meanwhile, the Anti-graft agency has also expressed concerns over rising spate of cyber-attacks on banks and the reluctance of the institutions to report such breaches to law enforcement.
The Commission appealed to the various financial institutions to collaborate with it to secure the financial sector from threats of cyber-attacks.