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N752m Hacked from Flour Mill’s Bank Account

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A United Bank for Africa auditor, Ojo Oladimeji was in court to testify in the case against an alleged Internet fraudster, Ola Lawal, alias Lawal Roland, who is being prosecuted by the Economic and Financial Crimes Commission for the alleged hacking of UBA’s server .

Oladimeji said the N752m was transferred to 20 different accounts between June 24 and July 3 this year.

On Monday, Lawal was arrested and is standing trial alongside his firm, DCAN Oil and Gas Limited for the crime.

Oladimeji, who was led in evidence by EFCC lawyer, M. K. Hussain, said the fraud was narrowed down to Lawal because N46m out of the N752m was transferred into his account in Union Bank Plc.

The auditor said, “We discovered that the sum of N752m had been fraudulently transferred from one of our customers’ account, Flour Mills Nigeria Limited, to 20 different accounts, which the defendant’s company’s account was a beneficiary.

“Flour Mills’ account was hacked between June 24 and July 3, 2019, and the total sum of N752m was fraudulently transferred.

“The defendant’s account in Union Bank Plc received N46m on July 3. We then wrote a letter to our lawyer, Akin Adesomoju, to assist us with a petition to the EFCC to assist in investigation, recovery, arrest and prosecution of the culprits. That was how the defendant was arrested and charged to court after the EFCC investigation.”

They pleaded not guilty to the charges.

Justice Chuka Obiozor admitted Lawal to bail in the sum of N50m with one surety in like sum.

The case was adjourned till December 12, 2019 for continuation of trial.

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