
The operation was based on intelligence received from "a leading New Generation Bank who is also a member of PSFU's Stakeholders' Forum," the statement says.Īt the time of the arrest, the gang members were recruiting an information and technology department employee at a bank "to perfect the hacking of the bank's network/posting application with intent to pull-out huge sums of money," according to the statement.Ībiodun, a former IT department employee at the same bank that the syndicate was planning to target, asked an unnamed current employee of the same bank's IT department to "leave critical gateways open on the Bank's server for the syndicate to gain unauthorized access into the network and move money out using Python application and Zoom," the statement says. The police made the arrests on March 30 as the result of a sting operation conducted by the police unit's commissioner, Anyasinti Nneka. Another alleged syndicate member, Chibuzor Holland, who the police say came from France to execute this cybercrime, absconded. The alleged mastermind, 52-year-old Kehinde Oladimeji, was caught and arrested by the police, along with 27-year-old Olanrewaju Adeshina and 42-year-old Kolapo Stephen Abiodun, the police statement says.

See Also: Fireside Chat | Zero Tolerance: Controlling The Landscape Where You'll Meet Your Adversaries

The Nigerian Police Special Fraud Unit - or PSFU - says it has busted a criminal syndicate, preventing cyberattacks against at least 10 banks in the country. Alleged members of a cybercriminal syndicate (Source: Nigerian Police Special Fraud Unit)
