Fraudsters hack company’s server, steal N435.3m

Fraudsters hack company’s server, steal N435.3m

PUNCH

The Lagos State Police Command has arraigned a fraud syndicate comprising eight men before the Federal High Court in Lagos for allegedly hacking into the server of an electronic platform, ITEX Integrated Services Limited, and stealing N435.3m.

The defendants including Aderuku Adedayo, Adigun Benjamin, Awopetu Tosin, Ajibade Ayomide, Ojo Olwaseun, Miller Oluwafemi, Olaleye Samuel and Ajibade Ayodeyi, are facing charges bordering on conspiracy, hacking, stealing and fraud preferred against them by the police.

The prosecutor, Morufu Animashaun, told the court that the defendants conspired among themselves and others now at large to commit the offences on September 7, 2022, at 1E, Sinari Daranijo Street, Victoria Island, Lagos.

He said the defendants jointly hacked the company’s server and defrauded the company of N435, 386, 699. 99.

The prosecutor told the court that the first defendant benefitted the sum of N29.9m, while the second defendant received N51m, with the third and fourth defendants benefitting N19m and N20m respectively from the alleged fraudulent acts.

Animashaun further told the court that the fifth to eighth defendants benefitted from the sums of N13m, N3m, N13m and N20m respectively.

He said the first, second, third, seventh and eighth defendants, after the alleged fraud, transferred parts of the money to some people in different banks.

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