The Police Special Fraud Unit (PSFU), Ikoyi, Lagos, has arrested a suspected member of a cybercrime syndicate allegedly linked to a fraud involving more than ₦3 billion.
The suspect, identified as Adeleke Hafees, was apprehended following an extensive investigation into what police described as a sophisticated cyber intrusion targeting a financial institution.
According to the PSFU, members of the syndicate allegedly deployed Point of Sale (POS) terminals and other technological tools to gain unauthorised access to the institution’s database. The breach enabled the suspects to initiate fraudulent transactions valued at over ₦3 billion.
Police investigations further revealed that the proceeds of the alleged fraud were swiftly laundered through multiple bank accounts in an attempt to conceal the source and movement of the funds.
The Unit said its detectives utilised advanced digital forensic techniques and financial analysis to trace the illicit transactions, identify members of the syndicate and recover key evidence expected to support the prosecution of those involved.
Commending the investigating team, the Commissioner of Police, Eloho Edwin Okpoiakpo, praised the officers for their professionalism and diligence in uncovering the alleged fraud.
He also directed investigators to intensify efforts to apprehend other members of the syndicate who remain at large, assuring that the police would leave no stone unturned in bringing all those connected to the crime to justice. #Securitynewsalert.com
