EFCC smashes syndicate, arrests five over $257,822 credit card fraud
A syndicate of alleged fraudsters who specializes in credit card fraud has been smashed by operatives of the Economic and Financial Crimes Commission, EFCC.
This was contained in a statement released by the anti-graft agency through its spokesperson.
The suspects who were arrested are namely Daniel C. Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E Otuwa and Jeff Ogbonaya.
According to the EFCC, the suspects allegedly masterminded the theft of $257,822.16 American Dollars from a new generation bank.
”The alleged fraudulent transaction was reported by the Bank through a petition, alleging that the bank received a mail from VISA International on suspected 60 credit card transactions.
The EFCC in a swift action moved and arrested the five suspects at 7th Avenue FESTAC, Lagos.
They were arrested with several credit cards in their possession, which they use in loading money before transferring them to other banks.
Some of the suspects have made useful statements while investigations continue.” the statement read
The agency adds that the suspects will be charged to court as soon as investigations are concluded.
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