EFCC arrests five for $257,822 credit card fraud | Ripples Nigeria
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EFCC arrests five for $257,822 credit card fraud



EFCC arrests five for $257,822 credit card fraud

Operatives of the Economic and Financial Crimes Commission, EFCC have smashed a syndicate of alleged fraudsters who specialize in credit card fraud.

The arrested suspects, Daniel C. Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E Otuwa and Jeff Ogbonaya, allegedly masterminded the theft of $257,822.16 American Dollars from a new generation bank.

According to a statement by EFCC head of media and publicity, Wilson Iwujaren, 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.

Read also: EFCC closes case in ‘Mama Boko Haram’s trial for alleged N40m fraud

The EFCC in a swift action moved and arrested the five suspects at 7th Avenue FESTAC, Lagos.

He said in a statement made available to Ripplea Nigeria in Thursday, that they were arrested with several credit cards in their possession, which they allegedly use in loading money before transferring them to other banks.

Some of the suspects have made useful statements while investigations continue, he stated, adding, that they will be charged to court as soon as investigations are concluded.

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