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Femi Salau, BDC Operators Arrested Over ₦1.868 Billion Scam - Crime - Nairaland 4w3w1c

Femi Salau, BDC Operators Arrested Over ₦1.868 Billion Scam (26543 Views)

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SandraJane: 6:53am On Aug 13, 2021
A suspected hacker, Femi Salau, has been arrested by the police Special Fraud Unit in Lagos State for allegedly hacking into the system of a first generation bank to defraud it of about N1.868bn.

Two Bureau De Change operators, who allegedly acted as Salau’s accomplices to perpetrate the fraud, were also nabbed.

PUNCH Metro gathered that Salau was arrested for allegedly using a software to create fictitious credits totalling N1,868,900,000, which he deposited into the s of some of the affected bank’s customers.

The spokesman for the SFU, Eyitayo Johnson, said in a statement on Thursday that Salau successfully made debits amounting to N417,542,000 through Internet banking transfers to other banks.

He stated that the affected bank petitioned the unit and its operatives ed the Central Bank of Nigeria and Deposit Money Banks, whose customers were beneficiaries of the fraudulent funds, and they were able to recover a substantial amount.

He said, “Operatives of the Special Fraud Unit, Ikoyi, Lagos, have arrested one Femi Salau, the kingpin of a syndicate that specialises in hacking into the servers of banks and corporate agencies.

“The hacker, who displayed exemplary mastery of the cyber environment, was arrested after he hacked into the Flex-Cube Universal Banking System of a first generation bank.

“Using application software, he created fictitious credits totalling N1,868,900,000 on the s of three of the bank’s customers and successfully consummated debits amounting to N417,542,000 through Internet banking transfers to other banks

“The unit, while acting swiftly on a petition from the bank, ed the Central Bank of Nigeria and Deposit Money Banks, whose customers were beneficiaries of the fraudulent funds, and was able to salvage a substantial amount.”

Johnson stated that items recovered from Salau included Apple laptop and iPhone, adding that he and the BDC operators, who laundered the money, would be charged as soon as investigation was concluded.

Explaining how the suspects were arrested, Johnson said, “We had been on the trail of the hacker (Salau) for a while; he travelled out of the country; so, we placed him under watch and picked him up from the airport.

“The Commissioner of Police in charge of the unit, Anderson Bankole, arrested one of the BDCs operators in a bank in Abuja when he went for the IGP’s conference. The other BDC operator was arrested in Lagos.

“The hacker (Salau) was the last person we arrested, because the way we conduct our investigation is from the bottom up.”

“Consequently, the Commissioner of Police in charge of the unit scheduled a meeting with the Chief Compliance Officers and Heads of Technology/Information Security Department of banks with a view to brainstorming on the loopholes exploited by this suspect and how to counter similar hacks for the benefit of both the police and the banking sector of our economy,” Johnson added.

Source: https://punchng.com/suspected-bank-hacker-bdc-operators-nabbed-over-n1-868bn-scam/

cc; lalasticlala

3 Likes 1 Share

paulolee(m): 6:54am On Aug 13, 2021
wow...this wan na big thief n would be handled with extra care so DM go fit get dier own cut peacefully

22 Likes 1 Share

gulfer: 6:55am On Aug 13, 2021
One only wish these guys will use their brains for something legitimate angry angry angry angry

30 Likes 4 Shares

Re: Femi Salau, BDC Operators Arrested Over ₦1.868 Billion Scam by Nobody: 6:56am On Aug 13, 2021
Ole99:
Good one
wetin they worry you?

4 Likes

Perfecttouchade: 7:04am On Aug 13, 2021
Ahahaaa, this one get mind o shocked

1 Like

black9: 7:05am On Aug 13, 2021
https://nairaland.unblockandhide.com/6699733/nigerians-react-after-mistamaj-drew

What would MistaMaj or Hushpuppi say to this one laidis.

See the way Davido, Williams and Don Jazzy just Dey look

Freestainworld(m): 7:05am On Aug 13, 2021
I want to learn hacking, so I can help secure our banks grin

27 Likes 2 Shares

Fedrick100: 7:05am On Aug 13, 2021
Hustle go pay
We keep pushing

6 Likes

ignis: 7:05am On Aug 13, 2021
Abba Kyari still dey learn work here.

1 Like

HEAVEN4444: 7:05am On Aug 13, 2021
cheesy
tony0806: 7:06am On Aug 13, 2021
Ok
Generalkorex(m): 7:07am On Aug 13, 2021
Omo

1 Like

Kayberg: 7:07am On Aug 13, 2021
undecided

Then the story summarizes as, he got a good talent, nice skill, but used it for the wrong purpose in a computer age.

Give that guy a knock on his coconut head, and tell him he is a low budget Hushy.

4 Likes

africanpride1: 7:07am On Aug 13, 2021
https://nairaland.unblockandhide.com/6697964/alaba-anna-nigerian-girl-best#104696934
bewla(m): 7:08am On Aug 13, 2021
F
tillaman(m): 7:08am On Aug 13, 2021
sad

1 Like

zolajpower: 7:10am On Aug 13, 2021
grin
Name checkers will be disappointed
Re: Femi Salau, BDC Operators Arrested Over ₦1.868 Billion Scam by Nobody: 7:10am On Aug 13, 2021
Go hack defi protocols

Leave naija banks with their pennies
Your mates dey hack millions of usd
You dey worry distressed banks

Anyway naija banks na thieves
E no reach fraudulent small debits wey dem dey do
undecided

6 Likes

Emmy000seun(m): 7:10am On Aug 13, 2021
Na this kind of thief dey sweet me grin cheesy..no be like that bastard thief wey go steal biscuit for supermarket tongue[sub][/sub]..Enjoy when it last Mr Femi salau shocked grin..them no tell us where he from self
..
Kunfu(m): 7:12am On Aug 13, 2021
.
Anazp: 7:12am On Aug 13, 2021
Emmy000seun:
Na this kind of thief dey sweet me grin cheesy..no be like that bastard thief wey go steal biscuit for supermarket tongue[sub][/sub]..Enjoy when it last Mr Femi salau shocked grin..them no tell us where he from self
..
rubbish. You a a criminal too

4 Likes

TalkTalkTwins(m): 7:13am On Aug 13, 2021
As na person wey get money, EFCC no go snap am with mugshot.
Them no go show us photo.

It's all right shaa

6 Likes

Goodman777: 7:13am On Aug 13, 2021
Fuk salau
azyaq(m): 7:14am On Aug 13, 2021
Naija I hail thee

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I Should Have Killed Myself-robbery Suspect

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