Afrigather The Federal Excessive Court docket Abuja has frozen about N1,198,911,864.72 domiciled in numerous banks following monies linked to ex-staff of Globus Financial institution alleged to have hacked into prospects’ N3.5 billion transactions and stolen identical.
The order was made towards the next account names Haril World Options Ltd, Abdullahi Abubakar Sadiq, Onobun Oluwaseun Olumide and Oluwaseun Adeniyi Afolabi, following a request by the Financial and Monetary Crimes Fee (EFCC) as completely seen by Nairametrics on its experience originating summons (dated January 12, 2024) and related inner memos and intelligence stories.
The EFCC counsel, Olanrewaju Adeola, had requested the courtroom to freeze all of the accounts within the curiosity of justice and cease all outward funds, operations or transactions (together with invoice of alternate) on these accounts, in go well with NO/FHC/CS/32/2024.
Tip Off
Earlier than the EFCC swooped in, the administration of Globus Financial institution had in 2023 raised alarm over the hacking of their techniques indicting just a few of their ex-staff who labored within the ICT division.
Primarily based on paperwork seen by Nairametrics, the financial institution hurriedly approached a courtroom in Lagos for freezing orders towards a number of financial institution accounts allegedly related to the suspects.
The financial institution then reported the event to the EFCC.
EFCC’s allegations towards suspects
In EFCC’s affidavit in assist deposed to by its Litigation Clerk, Samson Oloje, the fee obtained an intelligence report in regards to the actions of ex-staff of Globus Financial institution who allegedly hacked into the financial institution techniques and stole the sum of N3.5000.000.00 of shoppers’ cash.
Upon receipt of the intelligence report, Globus Financial institution was invited whereby one Monday Edward, Head of Inside Audit/Chief Inspector of the Financial institution got here and volunteered an announcement confirming that the financial institution system was hacked.
He added that the intelligence report was assigned to the Advance Price Fraud Part of the Fee and investigation to date reveals that about three ICT employees of the financial institution perpetuated the fraud earlier than leaving the establishment.
He pressured that as pioneers and designers of the Globus Financial institution ICT software program platform, Babatunde Idris Olayiwola, Chinedu Ihuma and Igwe George Benedict Obinna, who allegedly carried out the crime are abreast of the platform working particulars and knew find out how to entry all of the accounts of Globus Financial institution.
He said in his affidavit,
“That one Babatunde Idris Olayiwola a former employees of Globus who’s an ICT professional, who created all of the software program platforms the financial institution is utilizing in its each day operational enterprise launched one Chinedu lhuma to Globus Financial institution when the previous was about to exit the financial institution.
“That Chinedu Ihuma, a former employees of Globus Financial institution was additionally an ICT professional launched to the Financial institution by Babatunde Olayiwole to supervise the ICT software program operational platforms created by Babatunde Olayiwola for the Financial institution. He additionally launched one Igwe George Benedict Obinna to the financial institution to take over and oversee the ICT software program operational platforms when the previous was about to exit the financial institution.
“That investigation reveals that Babatunde Idris Olayiwola, Chinedu Inuma and Igwe George Benedict Obinna hacked into the pc techniques of Globus Financial institution they usually transferred monies over three billion, 5 hundred million Naira (N3,500,000,000) from the account of the Financial institution into numerous account belonging to Haril World Options Ltd and affiliate totally different financial institution accounts domicile in numerous banks throughout the nation.
“That additional investigation reveals that the fraud was perpetrated by the login particulars of Igwe George Benedict Obinna which he shared with the duo of Babatunde Idris Olayiwola and Chinedu Ihuma.”
Oloje said that sequel to the findings of the investigations, all financial institution accounts associated to the fraud have been requested through investigation actions letters to banks involved whereby proof of receipt of funds was established.
The EFCC employees additionally knowledgeable the courtroom that Globus Financial institution administration earlier approached the Federal Excessive Court docket, Lagos to position a Submit No Debit (PND) order on the financial institution accounts the place the monies had been diverted, so as to forestall the depletion of the funds within the accounts.
Moreover, he knowledgeable the courtroom that the computer systems and phone system of Igwe George Benedict Obinna has been despatched for forensic evaluation to know the extent of the involvement of Babatunde Idris, Olayiwola Chinedu Ihuma and Igwe George Benedict Obinna within the unlawful actions.
“Through the course of the investigation, the prime suspect, Igwe George Benedict Obinna was arrested and interviewed and made an announcement to the impact of his coping with the perpetuation of the fraud,” the EFCC said.
The EFCC requested the courtroom to grant its request as not granting it could jeopardize the continuing investigation into the intelligence report obtained by the fee.
On January 23, 2024, Justice Inyang Ekwo freezed the accounts in dispute and adjourned for the EFCC to supply stories of the ultimate final result of its investigation.
Extra insights
As seen on a number of courtroom paperwork, Globus Financial institution, on December 21, 2023, obtained an order from the Federal Excessive Court docket Lagos freezing the financial institution accounts related to the suspects.
As gathered from the EFCC intelligence paperwork, the two principal actors and ex-staff of Globus Financial institution, (Idris Olayiwola and Chinedu) are each believed to be in the UK.
Nairametrics additionally reliably gathered that the suspects that the EFCC is probing have instituted a matter towards the Fee and Globus Financial institution on the Excessive Court docket of Justice, Maitama FCT Abuja in go well with no: CV/1841/24.
They search to quash the authorized strikes made by the financial institution and EFCC.
SOURCE: NAIRA METRICS
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