Adegboyega Michael, 38, the leader of the fraud syndicate which
was allegedly involved in the transfer of money from bank
customer’s account 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 password was used to access a bank customer’s account
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 account who was based in London
had lodged a complaint with the bank when he discovered that
money in his account 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 account
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 account after
Peter, who was an insider, would have got the customer’s
details and phone number by using his colleague’s password to
access it. The phone number of the account 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 account was domiciled to fill a form to
increase the daily limit on the account. 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 account details had been compromised by their staff.
To ensure that the owner of the account 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 members
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 account in
three days and N2 million from another in 10 days.
Michael, also reportedly used his wife’s account 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 joined 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 account 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 account 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 contacted, the police image maker in Lagos State, SP
Dolapo Badmus, confirmed the arrest and said that the suspect
would be charged to court at the completion of investigations.
Source; Tribune Online
