EFCC Arrests Five Men For Over $ 257,822 Credit Card Fraud
The five fraud suspects were arrested by operators of the Economic and Financial Crimes Commission, EFCC, on credit card fraud charges.
The detained suspects, Daniel S. Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E. Otuva and Jeff Ogbonaia, allegedly orchestrated the theft of US $ 257,822.16 from a new generation bank.
The bank reported the alleged fraudulent transaction in a petition claiming that the bank received an email from VISA International about 60 suspicious credit card transactions.
The EFCC took swift action and arrested five suspects at 7th FESTAC Avenue in Lagos.
The EFCC said in a statement that they were arrested with several credit cards that they used to load money before transferring it to other banks.
Several of the suspects made useful statements as the investigation continued.
They will be indicted in court as soon as the investigation is over.