EFCC uncovers fraudster’s scheme: Buying bank accounts for N25,000, N50,000
By Stanley Ihedigbo
Economic and Financial Crimes Commission (EFCC) has uncovered a sinister scheme involving a fraudster who bought bank accounts from young people for N25,000 to N50,000 each.
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 young people for N25,000 to N50,000 each which he defrauds unsuspecting members of the public.
According to the Head, Media and Publicity, EFCC, Mr. Dele Oyewale, Sunday’s modus operandi involved encouraging young people to open multiple bank accounts, pay them either N25,000 or N50,000 for each account and collect their bank details including Automated Teller Machine, and 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 a payment to him.
Sunday, upon his arrest, confessed to the crime and would be charged to court as soon as investigations are completed.
