BENIN, NIGERIA — Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) have arrested Olawole Sunday, a suspected fraudster specializing in using stolen bank account details to defraud unsuspecting victims.
Sunday’s method of operation involved recruiting young individuals to open multiple bank accounts in exchange for payments of N25,000 or N50,000 per account. He would then collect sensitive account information, including Automated Teller Machine (ATM) cards, to carry out his fraudulent schemes.
In one instance, Sunday used the bank account details of Uyi Godstime Eghosa to defraud a petitioner of N2 million under the guise of forex trading. Eghosa, who was unaware that his account was being used for fraudulent purposes, was arrested after he admitted to handing over his account details, including his ATM card, to Sunday in exchange for a N25,000 payment.
Following Eghosa’s disclosure, Sunday was arrested, and during interrogation, he confessed to the crime. Investigations are still ongoing, and Sunday is expected to be charged in court once the investigation is complete.
The EFCC continues to urge the public to be vigilant and report any suspicious activities related to financial fraud.
