How Skye Bank Lost N114.8m To Fraudsters, Gang Arraigned | The Street Reporters Newspaper How Skye Bank Lost N114.8m To Fraudsters, Gang Arraigned | The Street Reporters Newspaper

How Skye Bank Lost N114.8m To Fraudsters, Gang Arraigned

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It was a bitter experience for one of Nigeria’s commercial banks, as it recently lost the sum of N114 million to scammers.

The bank, Skye Bank Plc, it was learnt lost the said amount to fraudsters who specializes in hacking to internet services of banks in the country.

However, the Police in Lagos have arrested and arraigned a five man-gang, that carried out the act before a Lagos Chief Magistrate’s Court sitting at Igbosere.

Those arraigned were: Odewale Moroof 29, Sylvester Ozoike 36, Dickson Ologwu 23, Akinsanya Olayiwola 35, and Adejumo Saheed 37.

They were charged before the Court for allegedly hacking into the bank’s system and stealing the said sum.

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The five accused persons whose addresses was not given were arraigned before Miss M. O Awogboro led-court on a two count charge bordering on conspiracy and stealing.

At the arraignment of the accused persons, the prosecutor Assistant Superintendent of Police, Henry Obiazi, informed the court that the accused persons and others still at large committed the alleged offences sometimes ‎in the month of November 21, at Head office of Skye Bank Plc, situated at Victoria Island.

He also informed the court that the accused persons on the same month, place and year stole the sum of N114, 806, 000, by hacking into the bank’s system.

Obiazi, said the offences committed by the accused persons are contrary to and punishable under sections 409, 285 (5) (a) of the criminal law of Lagos State of Nigeria 2011.

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All the accused pleaded not guilty to the offences.

Upon the plea of accused persons, the Magistrate, Miss Awogboro admitted them to bail in the sum of N100million, each with two sureties each in like sum.

The Magistrate ordered that one of the sureties must be a blood relation to the accused persons, and have landed property within the magisterial district, before adjourning the matter to March 23, 2016 for mention.

She however ordered that the accused persons be remanded in prisons custody pending the time they are able to perfect the bail conditions.

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Written By Paul Ladi, Lagos


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