- The NNPP's governorship flag-bearer in Cross Rivers state in the 2023 elections, Wilfred Bonse, has landed in police net
- The politician was arrested in connection with a security breach and financial fraud at a cryptocurrency firm, Patricia
- Bonse allegedly conspired with three others to launder the sum of N50 million that originated from the fraudulent diversion of N607 million from Patricia
Legit.ng journalist Esther Odili has over two years of experience covering political parties and movements
FCT, Abuja - The Nigerian police authorities have confirmed the arrest of Wilfred Bonse and three other suspects involved in the cybercrime perpetrated against Patricia Technologies scammed to the tune of N607 million.
Cross River politician allegedly involved in N607 million fraud lands in police net
The Force disclosed that the case revolves around criminal conspiracy, unauthorised computer, network data modification, and the illicit diversion of over N200 million, The Guardian reported.
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The NPF in a statement issued by its public relations officer, Olumuyiwa Adejobi, said the suspect received the funds with his bank account through a cryptocurrency wallet.
According to Olumuyiwa, Patricia Technologies had earlier petitioned the Inspector General of Police (IGP) Kayode Egbetokun, to report the alleged breach of its crypto-currency trading platform, Patricia in 2022.
The scam resulted in loss of funds belonging to depositors and led to the suspension of the platform to curtail further compromise of depositors’ funds.
The Force PRO noted that the investigation so far revealed a criminal conspiracy and the unlawful diversion of funds totaling over N607 million belonging to the petitioner, Patricia, The Cable report added.
Who is Wilfred Bonse?
Meanwhile, Wilfred Bonse, is a former Cross River gubernatorial candidate, who contested for the position of the state governor in the 2023 elections on the platform of the New Nigeria Peoples Party (NNPP).
He was arrested by the police in relation to the security breach and financial fraud experienced by Patricia, a cryptocurrency company.
PalmPay explains why Nigerian banks lost N6bn to fraud
Earlier, Legit.ng reported that PalmPay explained why many people fall victim to cyber scams and end up losing their money or valuables.
The Nigerian-based fintech company, in a report, highlighted that failing to report fraudulent transactions early enough allows criminals to move the stolen funds to safe places.
Police arrest man scamming Nigerians with fake Dangote Cement price slash
SP Benjamin Hundeyin, Lagos police spokesman, disclosed this in a statement released on Sunday, November 26.
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