The Economic and Financial Crimes Commission has arrested New Nigerian People’s Party’s Kogi State Assembly candidate Ismaila Atumei for 326 million naira and $140,500 in cash. fist Can confirm.
Atumeyi seeking to represent Ankpa 11 constituency in Kogi State Capitol on Sunday 30 October 2022 was arrested in a sting operation with an alleged serial fraudster Joshua Dominic in Macedonia Street, Queens Estate, Karsana, Gwarinpa, Abu Jia.
Also arrested for the fraud was Abdumalik Femi, a former bank employee who allegedly provided inside information that facilitated the group’s attack on the bank.
EFCC spokesman Wilson Uwujaren confirmed to our reporter that Femi was picked up at the Radisson Blu Hotel in Lagos on Tuesday, November 1, 2022.
“Following his arrest, he conducted a search of his home on the Morgan Estate in Ojodu and a total of $470,000 was recovered.
“The arrest of the suspect follows a months-long investigation into the hacking of a commercial bank, where a fraud syndicate stole 1.4 billion guilders,” he said.
The group allegedly transferred 887 million naira into the accounts of Fav Oil and Gas limited, from where the money was paid to several Bureau de Change operators and some car dealers for conversion into US dollars and the purchase of high-end cars.
Dominic, who has been arrested several times for fraud, allegedly helped Atumeyi perfect his hacking scheme through Abdumalik. Dominic, a self-appointed investment expert and managing director of Brisk Capital Limited, was arrested by the Nigerian Police Special Fraud Unit in May 2021 on charges of an alleged N2 billion investment scam. He allegedly defrauded more than 500 people in a fake investment scheme.
Two Range Rover luxury SUVs were also found on the body of the two suspects arrested in Abuja.
Uwujaren noted that once the investigation is over, the suspect will be charged in court.
At the same time, the Commission expressed concern about the growing number of cyberattacks against banks and the reluctance of these institutions to report such breaches to law enforcement.
While warning that such silence would only embolden criminals, the EFCC called on financial institutions to work with it to protect the financial sector from the threat of cyberattacks.
Following the recent announcement by the Central Bank of Nigeria of plans to redesign and reissue higher denominations of the naira, the EFCC has warned that currency exchange bureau operators are wary of currency hoarders who are trying to seize the opportunity to offload the naira. The currency they stash illegally.