Popular Micronance Bank, Moniepoint is currently battling to recover a N1.1 billion allegedly stolen by fraudsters from the bank.
The hacker, Sunday Ozimede, was said to have
invaded the vault of Moniepoint and defrauded the lender of a sum of
N1,190,728,076 billion.
The hacker who has been arrested by the operatives of the Police Special Fraud Unit (PSFU), was arraigned before Justice Ambrose Lewis-Allagoa of the Federal High Court, Lagos, on charges bordering on conspiracy, obtaining the sum of N945,728,076 million by false pretence.
The 43-year-old alleged hacker was also accused
of causing financial loss to Moniepoint Microfinance Bank to the tune of N145
million, by planting a bug in the bank’s data system.
The PSFU’s prosecutor, Barrister Justine Enang,
on the arraignment of the defendant, told the court that Ozimede and others
said to be at large, committed the alleged offences sometime in May 2024.
Specifically, the prosecutor told the court that
the defendant Sunday Ozimede, fraudulently diverted the mentioned sum from
various Moniepoint Microfinance Bank’s customers deposited funds through
numerous transactions to other banks.
He told the court that the illegal acts of the
defendant, are contrary to and punishable under sections Section 27 (i)(b); 14
of the Cyber Crimes (Prohibition, Prevention etc) Act, 2015 as Amended in 2024,
Road along with section 14 (1) of the same Act.
The prosecutor also told the court that the act
of the defendant contravened Section 18(2) (b) & (d) and punishable under
Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022.
The defendant denied the allegations and pleaded
not guilty to the charges.
However, the defendant’s lawyer, Abdulmalik
Ibrahim, through a motion for bail, pleaded with the court to admit his client
to bail in the most liberal terms.
The application was strongly challenged by the
prosecutor, who told the court that the defendant is a ‘fight risk’, saying
that he may not turn up for his trial if granted bail.
Justice Lewis-Allagoa, after listening to the
parties, however, admitted bail to the defendant in the sum N50 million with
one surety in like sum.
The judge also ordered that the surety must be a
landed property owner within the jurisdiction of this court. Adding that the
terms of the bail must be verified by the court’s Registrar and the prosecutor.
The matter has been adjourned to March 13, for
the defendant’s.
The amended charge against the defendant reads:
“that you Sunday Ozimede “M” and others now at large, sometime in May 2024, in
Lagos State within the jurisdiction of the judicial Division of the Federal
High Court, with intent to defraud, did conspire amongst yourselves to
commit a felony to wit: obtaining the sum of
N945, 728, 076. 00 (Nine Hundred and Forty-Five Million, Seven Hundred and
Twenty-Eight Thousand and Seventy-Six Naira) by false pretence and thereby
committed an offence contrary to Section 27 (i) (b) of the Cyber Crimes
(Prohibition, Prevention etc) Act, 2015 as Amended in 2024, Road along with
section 14 (1) of the same Act.
“That you Sunday Ozimede “M” and others now at
large, sometime in May 2024, in Lagos State within the aforementioned Judicial
Division of the Federal High Court, did knowingly and without authority cause
financial loss to Moniepoint Microfinance Bank to the tune of N145,000,001.00
(One Hundred and Forty-Five Million and One Naira) by planting a bug in the
company’s data system and moved the above sum from its Operational account into
account number 6343898097
trading under the name: Sunday Ozimede which sum
you fraudulently diverted from Moniepont converts or transfers, retains or
takes possession or control of funds belonging to Moniepoint Micronance Bank
intentionally, knowingly or reasonably ought to have known that such funds is,
or form part of the proceeds of an unlawful Act and thereby committed an
offence contrary to Section 18(2) (b) & (d) and punishable under Section
18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022
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