The Nigeria Police Force National Cybercrime Centre uncovered an international cybercrime syndicate accused of diverting N6.174 billion from the treasury collection accounts of a financial institution during a digital system migration. Assistant Inspector-General of Police Akaninyene Ezima disclosed this at a briefing in Abuja, stating that two Indian nationals linked to the scheme had been arrested while efforts were ongoing to apprehend the alleged mastermind. Preliminary investigations indicated that the syndicate exploited vulnerabilities during the financial institution's profile reconfiguration as it migrated from a public-sector Application Programming Interface to a private-sector API. Investigators traced 761 unauthorised transactions totalling N6.174 billion to 105 beneficiary accounts across 19 commercial banks.
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