NewStats: 3,265,543 , 8,187,157 topics. Date: Sunday, 15 June 2025 at 04:55 PM 4m4cb

CONFESSION OF A FRAUDSTER: HOW WE STEAL MONEY FROM PEOPLE’S BANK S

THIRTY-EIGHT-YEAR-OLD Adegboyega Michael, the leader of the fraud syndicate which was allegedly involved in the transfer of money from bank customer’s in a first generation bank (name withheld) through the connivance of a bank staff member, has been arrested by the Lagos State Police Command.

Michael (38) was arrested on August 26, four months after the police had been looking for him.

Crime Reports learnt that a female banker (names withheld) whose was used to access a bank customer’s details lodged a complaint with the Lagos State Commissioner of Police, Fatai Owoseni, that she was falsely accused of fraud in her office. The owner of the who was based in London had lodged a complaint with the bank when he discovered that money in his had depleted.

The police commissioner reportedly forwarded the petition to the Rapid Response Squad on April 19 and by the following day, four suspects were arrested. Those nabbed included Ezurike Peter (35) who was a staff member of the bank in which the of the victim was domiciled, Ayo Olalekan (32), Ochenehi Israel (31) and the gang leader’s wife. A manhunt was also launched for the syndicate leader, Michael.

The syndicate’s modus operandi, according to police sources, was to increase the limit of a bank customer’s after Peter, who was an insider, would have got the customer’s details and phone number by using his colleague’s to access it. The phone number of the holder would also be blocked temporarily from receiving debit alert while the limit of his/her financial transaction would be upped to N200,000.

To achieve this, a syndicate member, Israel, would go to the bank where the targeted was domiciled to fill a form to increase the daily limit on the . He would not wait but would drop the form, saying he would be back. Once the name and phone number tallied, the bank would act, not knowing that the details had been compromised by their staff.

To ensure that the owner of the did not suspect anything, the syndicate would have held the line of the owner so that he or she would not have network on his phone to receive debit alert.
Israel was said to be very skilled in his role and the were getting N200,000 daily which was usually shared equally, with each syndicate member getting N50,000.

They were said to have taken N600,000 from an in three days and N2 million from another in 10 days.

Michael, also reportedly used his wife’s into which his own share was transferred. The syndicate leader who had been on the run was eventually arrested on August 26 and transferred to the Special Anti-Robbery Squad (SARS), Lagos State, for further investigation.

In an interview with Crime Reports, Michael confessed to committing the crime but gave reason for his action. According to the suspect, “it is true I was arrested in connection with fraud. I ed the syndicate after I was also defrauded to the tune of N4.7 million. Some people approached my auto shop and said they wanted to buy a car. They paid me with fake dollar notes. Later they told me they were a syndicate and what they did was a game.”

When asked whether he was collecting dollars as payment for cars purchased from him, Michael replied that he wanted to help the ‘customers’ change the money to naira. “I also got bank alerts that indicated payment of cash into my in addition to the dollars. I believed that the transaction was successful so I handed the car over to them. It was when I got to the bank that I was told that the dollar notes were counterfeit.

“I had nothing again. Along the way, I saw a friend called Harrison and he brought me into the (fraud) business. He said that if I would follow him, I would see how the business was being done. We did the business on mobile phones by transferring money from an in a bank to another. It was usually achieved through an insider, a friend of mine, Peter who worked in that bank. I told him and he said we should go ahead. I have now learnt my lesson,” Michael spoke further.

When ed, the police image maker in Lagos State, SP Dolapo Bus, confirmed the arrest and said that the suspect would be charged to court at the completion of investigations.

http://tribuneonlineng.com/confession-fraudster-steal-money-peoples-bank-s/

Him dey use juju ? Abi no be ogun b dat?


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Back den, wen he went for the bank interview, the guy will be looking innocently, n d oversabi HR will taught dat dey av seen saint among d applicant, not knowing dat dey are employing Oloriburuku somebody.




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Waoooo... . First to condom... . Haa.. . Sowi.... First to comment.

How do they block phone line temporarily?

Won't the 'alert' drop later after line has been unblocked, since it's in form of an SMS?

Name of the bank, abeg.

h

na dem

Omo FRAUDuduwa

Jesu this are professional thiefs they all have A1 in 419 too bad.

Those nabbed included Ezurike Peter (35) who was a staff member of the bank in which the of the victim was domiciled, Ayo Olalekan (32), Ochenehi Israel (31) and the gang leader’s wife.

Will this topic get to Jerusalem?NCA Enugu chapter observing

all these excuses of being defrauded before starting your own scam organisation does not trigger pity from me, if everyone who has been defrauded follows this trend then there won't be anyone to defraud. We will all be thieves!!

NCA lagos branch will be like

iamodenigbo1:
Will this topic get to Jerusalem?

am typing from isreal bro

Too bad..

It is now even more risky to leave huge sum of money in a bank. Bank staff who are paid to keep your money safe are the one stealing it.

Too bad

All bankers and banks are potential thieves

Pity

Hmmm

Nemesis has catch up with him. Nonsense way to live your life

Now we live in a world of cheats where one can hardly sleep with both eyes closed (our so-called religious leaders aren't an exception either); even with wide opened eyes, one can't predict the newest strategy&the government itself is being defrauded, so no point relying on it.In all, know your God personally; He'll keep directing your path&keeping you safe.

useless people, see how they want some people to cry because of their selfish gains. awon omo irankiran osi, abanilorukoje de de.

Today is sunday i therefore will not check names
but bliv u me when i said i am not suprised abt d names i saw.

when u mention yahooyahoo and money fraud.

over to u name checker

Op and all dis crime related posts ...@ topic, you know how bad you felt when someone duped you yet you went ahead to cause more people pains and heartbreak abi?

Jamez122:
Jesu this are professional thiefs they all have A1 in 419 too bad.

Those nabbed included Ezurike Peter (35) who was a staff member of the bank in which the of the victim was domiciled, Ayo Olalekan (32), Ochenehi Israel (31) and the gang leader’s wife.

the probability that an ibo person will be involved in any crime committed by Nigerians is what?

iamodenigbo1:
Will this topic get to Jerusalem?

Already in Canaan land.

Crime does not and will never pay, keep off it.

*comes in*

*checks names *


*shakes head*









*leaves *

o

nijanigga:

the probability that an ibo person will be involved in any crime committed by Nigerians is what?

nop..
the right question should be.

THE PROBABLITY DAT ABOBAKUS WILL INVOLVE IN YAHOOYAHOO AND MONEY FRAUD IS WHAT?.

He doesn't even look like someone who owns an apartment in Otta

K

I thought he wanted to blame Bihari.