EFCC Arrests Suspected Fraudster Buying Bank Accounts Details for Fraud

A suspected fraudster, Olawole Sunday has been arrested by officials of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

A post on the official X page of the EFCC on Monday accused the suspect of buying bank accounts’ details from individuals, using same to defraud his victims.

According to the EFCC, Monday paid several young people a sum of money ranging between N25,000 Naira to N50,000 to open multiple bank accounts after which he proceeded to collect their details including account numbers, BVN and ATM cards.

The post also accused Sunday of defrauding a petitioner who claimed to have lost the sum of N2M through frivolous forex trading through the account details of one Uyi Godstime Eghosa.

Eghosa had reportedly supplied Sunday his account details as well as ATM card after a N25,000 (Twenty-five Thousand Naira) payment to him.

The EFCC post says Sunday has since been arrested and confessed to the crime.

He is expected to be charged to court after the conclusion of investigations.