Five suspected internet fraudsters, alleged to have masterminded the theft of $257,822.16 from a new generation bank, have been arrested by the Economic and Financial Crimes Commission (EFCC).
According to the Commission, the suspects, who are members of a syndicate, specialise in Credit Card fraud.
The suspects, Daniel Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E Otuwa and Jeff Ogbonaya, were arrested in Festac area of Lagos State.
A statement by the Commission, confirming the arrest of the suspects read thus, “The alleged fraudulent transaction was reported by the Bank through a petition, alleging that the bank received a mail from VISA International on suspected 60 credit card transactions.
“The EFCC in a swift action moved and arrested the five suspects at 7th Avenue FESTAC, Lagos. They were arrested with several credit cards in their possession, which they used in loading money before transferring them to other banks.”
It said some of the suspects have made useful statements while investigations continue.
“They will be charged to court as soon as investigations are concluded,” the Commission said.