Nigerian Cyber Fraud Gang Arrested for Using over 500 Bank Accounts in Elaborate Scheme

• The arrest of a Nigerian cyber fraud gang in Vadodara revealed they had purchased over 500 bank accounts to facilitate their fraudulent activities
• Police uncovered that the gang used these accounts to transfer and siphon money from victims, while the suspects were found with hundreds of photos used to create fake social media profiles
• Investigators are now working to trace the origins of the bank account details and dismantle the broader network of cybercriminals involved

An ongoing police investigation into the arrest of a Nigerian cyber fraud gang has uncovered that the gang members acquired hundreds of bank accounts across various states to facilitate their fraudulent activities.

The gang used these accounts to transfer and siphon money from unsuspecting victims.

How gang used bank accounts for purchases

According to cybercrime officials, the gang possessed details of over 500 bank accounts, which they claimed to have purchased from another gang in exchange for money.

Read also

US court sentences 2 Nigerians to 10 years imprisonment over $6m fraud

These accounts were reportedly opened using either genuine or bogus documents, enabling the cybercriminals to transfer large sums of money between them undetected.

Police arrests gang, begins investigation

Police arrested Lezhu John, Gibril Mohammed, and Egboola Ekena on Friday. The trio was apprehended in Delhi based on bank account transactions and intelligence inputs.

"Their visa expired, but still they chose to stay in India. All three used to commit cyber frauds to earn quick money," said M M Rajput, ACP (cybercrime).

How gang operated, deceived people

The investigation also revealed that the accused had hundreds of photographs of men and women stored on their mobile phones.

These images were used to create bogus social media accounts for luring victims.

The extent of their fraudulent activities was exposed when a young woman filed a complaint at the Cybercrime police station, reporting a loss of over Rs 2.62 lakh to the gang.

Read also

Lagos police react to alleged disappearance of 6 party girls

Ongoing efforts

Police are now working to trace the gangs that sold the bank account details to the Nigerian fraudsters.

The investigation aims to dismantle the network of cyber crooks and prevent further exploitation of gullible individuals.

British-Nigerian Bags 7-years Imprisonment

Previously, Legit.ng earlier reported that a court in the United States sentenced a British-Nigerian, Oludayo Kolawole John Adeagbo, to seven years in prison for his role in a multimillion-dollar business email compromise (BEC) scheme.

A BEC scheme is used when scammers create fake accounts pretending to be companies that a business regularly does business with.

Source: Legit.ng