Fraudsters hack UBA server, stole depositor’s N752m

United Bank for Africa(UBA) recently had its server hacked by fraudsters, and lost the sum of N752m depositors money belonging to Flour Mills Nigeria Limited.

According to an auditor of the Bank, Mr. Ojo Oladimeji, he narrated to the Federal High Court in Lagos how the bank’s server was hacked, and N752m was transferred to 20 different accounts between June 24 and July 3, 2019.

The auditor testified against an alleged Internet fraudster, Ola Lawal, alias Lawal Roland, who is being prosecuted for the alleged hacking of UBA’s server by the Economic and Financial Crimes Commission.

Lawal is standing trial alongside his firm, DCAN Oil and Gas Limited.

Oladimeji, who was led in evidence by EFCC lawyer, M. K. Hussain, said the fraud was narrowed down to Lawal because N46m out of the N752m was transferred into his account in Union Bank Plc.

The auditor said, “We discovered that the sum of N752m had been fraudulently transferred from one of our customers’ account, Flour Mills Nigeria Limited, to 20 different accounts, which the defendant’s company’s account was a beneficiary.

“The defendant’s account in Union Bank Plc received N46m on July 3. We then wrote a letter to our lawyer, Akin Adesomoju, to assist us with a petition to the EFCC to assist in investigation, recovery, arrest and prosecution of the culprits. That was how the defendant was arrested and charged to court after investigation by EFCC”.
Justice Chuka Obiozor admitted Lawal to bail in the sum of N50m with one surety in like sum, having pleaded not guilty to the charges.

The case has been adjourned till December 12, 2019.

Related posts