Nigerian Man Allegedly Hacks Into a Bank’s Servers, Moves Out N1.86bn

Nigerian Man Allegedly Hacks Into a Bank’s Servers, Moves Out N1.86bn

  • A Nigerian man, Salau Abdulmalik Femi, has landed in the police net after he reportedly hacked into a bank server and defrauded the institution of N1.868bn
  • The police said that all the people that were connected to the fraud carried by Salau will be brought to book
  • Nigerians who reacted to the development were amazed that an individual's skill could be capable of moving such a huge amount

A 38-year-old man, Salau Abdulmalik Femi, has been arrested by Special Fraud Unit (SFU) for hacking into a bank's system and moving out about N1.868bn.

The Punch reports that two people who acted as the man’s partners in crime were also arrested. It was gathered that he used software to create fake credits to the tune of N1,868,900,000 and paid into the accounts of some bank customers.

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Man allegedly hacks into a bank's serves, moves N1.86bn out of accounts
Many people were amazed by how the man pulled off the crime. Photo source: @lindaikejiblogofficial
Source: Instagram

The police spoke about the case

While commenting on the case, Eyitayo Johnson who is the spokesman for the SFU revealed that the man went ahead to made debits as he transferred a total amount of N417,542,000 via internet banking.

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In his statement, Eyitayo said that Femi is the ringleader of the syndicate whose specialisation is gaining access into the servers of banks and other corporate agencies.

Others will be arrested

He added:

“The hacker, who displayed exemplary mastery of the cyber environment, was arrested after he hacked into the Flex-Cube Universal Banking System of a first generation bank.”

Some of the items recovered from him are an Apple laptop and iPhone. He said that others connected to the case will soon be arrested.

Below are some of the reactions of Nigerians on Instagram when it was shared by Linda Ikeji:

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g.o.l.d.i.e98 said:

"Billion uhmm,nitori oloun."

jr_scents_ said:

"I still dont believe this.."

ms_lotee said:

"Kai Nigerians are too smart for the wrong things."

bob_padi said:

"Government make una employe this guy oooo."

Another Nigerian nabbed

Meanwhile, earlier reported that a Nigerian lady identified as Precious Iwuji was nabbed by the officials of the Economic and Financial Crimes Commission (EFCC) for allegedly selling her photos and Facebook account to 'Yahoo' boys.

The spokesman for EFCC, Wilson Uwujaren, said preliminary investigation revealed that the pictures and Facebook account the suspect sold to fraudsters were used in defrauding unsuspecting victims.

It was gathered that the young lady was arrested in the Sabo area of Kaduna, following information that she was allegedly involved in cyber fraud.


Joseph Omotayo avatar

Joseph Omotayo (HOD Human-Interest) Joseph Omotayo has been writing for the human interest desk since 2019 and is currently the head of the desk. He graduated from Obafemi Awolowo University, Ile-Ife, with a degree in Literature in English in 2016. He once worked for Afridiaspora, OlisaTV & CLR. He is a 2022/2023 Kwame Karikari Fact-Checking fellow. He can be reached via:

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