Operatives of the Economic and Financial Crimes Commission, EFCC, have smashed a syndicate of alleged fraudsters, which specializes in credit card fraud.
According to the anti-graft agency, the arrested suspects were Daniel C. Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E Otuwa and Jeff Ogbonaya.
They allegedly masterminded the theft of $US257,822.16 from a new generation bank.
The agency said the alleged fraudulent transaction was reported by the Bank through a petition, alleging that the bank received a mail from VISA International on suspected 60 credit card transactions.
The EFCC, in a swift action, moved and arrested the five suspects at 7th Avenue FESTAC, Lagos.
EFCC also stated that the suspects were arrested with several credit cards in their possession, which they used in loading money before transferring them to other banks.
Some of the suspects were said to have made useful statements while investigations, according to the Commission, would continue.
It said they wouldl be charged to court as soon as investigations were concluded.
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