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Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested one Olawole Sunday, a suspected fraudster who specialised in buying bank account details from individuals to defraud unsuspecting members of the public.
Sunday’s modus operandi involved encouraging young people to open multiple bank accounts, paying them either N25,000 or N50,000 for each account, and collect their bank details including Automated Teller Machine (ATM) cards.
Sunday allegedly employed the account details of one Uyi Godstime Eghosa to defraud a petitioner of the sum of N2 million under the guise of trading in forex.
The account owner, Eghosa was arrested and his disclosure that he was unaware that his account was used to defraud members of the public, led to Sunday’s arrest.
Eghosa explained that he relinquished his account details, including his ATM card, to Sunday after an N25,000 payment to him.
Sunday confessed to the crime and would be charged in court as soon as investigations are completed.