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13 Nigerians Arrested Over $30 Million Cyber Fraud in United States

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The Federal Bureau of Investigation (FBI) arrested 13 Nigerians over alleged $30 million Cyber Fraud in United States of America (USA).

The US department of justice said federal agents arrested 24 suspects for their involvement in the large-scale fraud which targeted citizens, corporations, and financial institutions throughout the country.

Those arrested and charged to a federal court in Atlanta include: Blessing Oluwatimilehin Ojo, Afeez Olaide Adeniran, Matthan Bolaji Ibidapo, Obinna Nwosu, Benjamin Ibukunoluwa Oye, Christopher Akinwande Awonuga, Ahamefule Aso Odus, Paul Chinonso Anyanwu, Chineda Obilom Nwakadu, Chukwukadibia Ikechukwu Nnadozie, Uchechi Chidimma Odus, John Ifeoluwa Onimole, Oluwafunmilade Onamuti

Also Read: The ‘CBN Governor’ impostor Bags Three Years for N4.5m Fraud

India’s Narcotics Control Bureau Arrests 3 Nigerians for International Drug and Money Laundering

Two of the Nigerians, Afeez Olaide Adeniran and Blessing Ojo faced a separate charge of wire fraud. They were alleged of defrauding a homebuyer of $40,000 intended for a real estate transaction.

According to the statement of the US department, it said:

 “The indictment alleges that due to a computer intrusion and false invoicing scam, Ojo caused a media company in California to send payments totaling $89,140 to a bank account controlled by one of the defendants. In total, the victim sent $646,840, as a result of the fraud”.

Using Business email compromise schemes, romance fraud scams, and retirement account scams, among other frauds, the suspects duped numerous victims into losing more than $30 million, the Department of Justice, Northern District of Georgia announced on Friday.”

 The U.S. Attorney Byung J. “BJay” Pak in his statement said,  “Fraud schemes, like the ones perpetrated and facilitated by these defendants, inflict considerable losses on citizens, companies, and the financial system,”

“Some of these schemes target the elderly and often deplete the victims’ entire life savings. These arrests affirm the Department of Justice’s commitment to prosecuting those who prey on our most vulnerable citizens.”

“The FBI would like to thank our numerous federal, state and local law enforcement partners who helped make these arrests possible,” said Chris Hacker, Special Agent in Charge of FBI Atlanta. “There is no way we can make the victims of these schemes, many who have lost their life savings, whole again. Hopefully, the arrests and pending prosecutions will at least give them solace that someone is being held accountable for their losses.”

According to U.S. Attorney Pak, the indictment, and other information presented in court: The defendants served as money launderers for other individuals throughout the world who conducted cyber-enabled fraud, including business email compromise schemes, romance scams, and retirement account scams, targeted at companies and individuals across the United States.

Worth of note, the defendants and co-conspirators facilitated BEC schemes, romance scams, and retirement account scams by receiving and distributing fraudulent funds throughout the United States and the world. Over the course of the conspiracy, the defendants and their co-conspirators laundered over $30 million in fraud proceeds.

The defendants created multiple sham companies that did not have physical premises, earn legitimate income, or pay wages to employees. In turn, the defendants opened business bank accounts at multiple financial institutions to facilitate receipt of the fraudulent money.

The defendants also opened personal bank accounts to receive fraudulent funds, often using false identities and victims’ identities. After funds were deposited into the defendants’ bank accounts, the money was quickly withdrawn from the accounts and circulated among the defendants.

Members of the public are reminded that the indictments only contain charges. The defendants are presumed innocent of the charges, and it will be the government’s burden to prove each defendant’s guilt beyond a reasonable doubt at trial.

However, The Federal Bureau of Investigation, Department of Labor, Office of Inspector General, U.S. Secret Service, and U.S. Immigration and Customs Enforcement’s Homeland Security Investigations are investigating this case. Stay tuned for Updates on this case!!

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5G might expose Nigeria to “eavesdropping, tracking, cyber-attacks, military and industrial espionage” – NSA

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The office of the National Security Adviser (NSA) has expressed its fear with the deployment of 5th Generation (5G) technology in the country.

Bala Fakandu, director of communications in NSA who appeared before the senate committee on communications on Thursday February 25, said they are concerned about the deliberate vulnerabilities and backdoors within the 5G network equipment, which according to him might expose Nigeria to “eavesdropping, tracking, cyber-attacks, military and industrial espionage and other malicious activities by foreign actors.”

Fakandu also asked the ministry of communications and digital economy to carry them along in the formulation of the policy that would guide the use of 5G in the country.

He said;

“We are concerned about the deliberate vulnerabilities and backdoors within the 5G network equipment.

“That is one of the key concerns we have and this will make the infrastructure highly susceptible to eavesdropping, tracking, cyber-attacks, military and industrial espionage and other malicious activities by foreign actors.

“We understand these are things that will be put in place particularly in the policy the minister has talked about.

“I need to emphasise it so that the stakeholders in the telecommunications industry will understand where we are coming from because the national security concerns is the concern of the office of the national security adviser and of the president as well.”

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NLC set to shutdown CAC Operations from Wednesday

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The Nigeria Labour Congress (NLC) have resolved to mobilize the strength of the Nigeria workforce to picket the National Headquarters of the Corporate Affairs Commission (CAC) at the expiration of 14 days ultimatum’ effective from Wednesday, February 24-26, 2021

According to communiqué signed by Comrade Ayuba Waba NLC President, Comrade Emmanuel Ugboaja General Secretary and made available to Aluta News in Abuja on Sunday

They Apex body of the Nigeria Labour Unions has berated the management of CAC for an attempt to kill unionism in the establishment through punitive transfer of trade Union executive,withholding of workers salaries and refusal to remit statutory deductions

The NLC also frowned at the anti-labour practices by Alhaji Garba Abubakar Registrar General of the CAC

Recalled that the National body of AUPCTRE led by Comrade Benjamin Anthony had made frantic effort to dialogue with CAC management but failed

The CAC RG has ignored every avenue of dialogue and peaceful resolution provided by AUPCTRE which eventually led to the Apex body taking over the dispute with the hope of having amicable resolution’ but also yielded no result because the CAC RG continue to remain adamant and firm with his alleged tyrannical agenda!!

According to Aluta news, the branch Union, among other issues, accused CAC management of unilaterally restricting staff vacancies against the recommendations of the committee on the commission’s oganogram, and particularly expressed disgust at the “unjustified barring of certain categories of staff from writing promotion examination”.

It also accused management of stopping all staff loans, hasty, draconian and unilateral decision making leadership style, and denial of 2019 promotion arrears to deserving workers.

It also accused management of stopping salaries of workers even before queries were issued, at the peak of COVID-19 pandemic.

Instead of addressing the Union grievances the Registrar General CAC transferred all the 25 executive and members of the Union to a new station.

Showdown

Sensitization, mobilization currently ongoing in all branches of AUPCTRE and others affiliates of NLC toward ensuring a successful picketing of CAC National Headquarters.



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Economy

NLC set to shutdown CAC Operations from Wednesday

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NLC


The Nigeria Labour Congress (NLC) have resolved to mobilize the strength of the Nigeria workforce to picket the National Headquarters of the Corporate Affairs Commission (CAC) at the expiration of 14 days ultimatum’ effective from Wednesday, February 24-26, 2021.

According to communiqué signed by Comrade Ayuba Waba NLC President, Comrade Emmanuel Ugboaja General Secretary and made available to Aluta News in Abuja on Sunday

They Apex body of the Nigeria Labour Unions has berated the management of CAC for an attempt to kill unionism in the establishment through punitive transfer of trade Union executive,withholding of workers salaries and refusal to remit statutory deductions.

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The NLC also frowned at the anti-labour practices by Alhaji Garba Abubakar Registrar General of the CAC
Recalled that the National body of AUPCTRE led by Comrade Benjamin Anthony had made frantic effort to dialogue with CAC management but failed

The CAC RG has ignored every avenue of dialogue and peaceful resolution provided by AUPCTRE which eventually led to the Apex body taking over the dispute with the hope of having amicable resolution’ but also yielded no result because the CAC RG continue to remain adamant and firm with his alleged tyrannical agenda!!

According to Aluta news, the branch Union, among other issues, accused CAC management of unilaterally restricting staff vacancies against the recommendations of the committee on the commission’s oganogram, and particularly expressed disgust at the “unjustified barring of certain categories of staff from writing promotion examination”.

It also accused management of stopping all staff loans, hasty, draconian and unilateral decision making leadership style, and denial of 2019 promotion arrears to deserving workers.

It also accused management of stopping salaries of workers even before queries were issued, at the peak of COVID-19 pandemic.

Instead of addressing the Union grievances the Registrar General CAC transferred all the 25 executive and members of the Union to a new station.

Showdown

Sensitization, mobilization currently ongoing in all branches of AUPCTRE and others affiliates of NLC toward ensuring a successful picketing of CAC National Headquarters.



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