Tuesday, September 17, 2013

Undergraduates, others arrested for stealing N2bn from Union bank

According to a report by Punch, two men who claim to be undergraduates of University of Jos, Isaiah Friday and Azzaior Samuel, have been arrested by the Economic and Financial Crimes Commission  for allegedly stealing N2.05bn from union bank Two bureau de change operators, Salihu Mahmoud and Dan Ibrahim, were also arrested in connection with the alleged crime.

The Head, Media and Publicity, EFCC, Wilson Uwujaren, said:
"Their arrest comes on the heels of a petition which the commission received from Union Bank of Nigeria Plc, Marina, Lagos, in January 2013, alleging that a criminal attack had been launched on its data base known as ‘Flexcube’, by yet-to-be-identified criminals who falsified the bank records and accounts and created unjustified huge opening balances in several accounts across the bank’s branches. They subsequently transferred funds from those accounts to several accounts in other banks. The petition, which was signed by one A.F Olufade, Head of Fraud Investigation at the bank, said cash withdrawals and electronic transfers totalling N2.05bn was involved in the scam.”

It was learnt that EFCC initial investigation showed that Friday, who was carrying out computer system maintenance services for one of the Union Bank branches in Jos, Plateau State, on a part-time basis, paved the way for the fraudsters to penetrate the bank’s database.

Uwujaren said, “Friday was traced and arrested. His arrest led to the arrest of Azaaior Samuel.
“Investigations further revealed that Samuel introduced Friday to Mahmoud, who is the mastermind of the fraud with others now at large.

“Mahmoud and other collaborators told Friday that they needed access to the bank’s database in order to carry out some postings. They promised to give Friday N.5m if the deal succeeded.”
PUNCH Metro gathered that Friday agreed. On the day the crime was committed, he told people at the bank that Samuel was his colleague who had accompanied him to work.

It was learnt that after the gang had succeeded in gaining access to the bank’s premises, it carried out the postings to six different company accounts domiciled in Union Bank’s Marina branch in Lagos.
Uwujaren said, “The accounts are Gona Bureau De Change Limited, Jaxmine Bureau De Change Limited, Dan Kawu Bureau De Change Limited, Godswill Great Communications, ZHG Services Limited and A and B Console Limited. The postings were carried out and the syndicate thereafter went to the bank to withdraw all the funds. Friday was paid as promised and other syndicate members now at large shared the remaining balance.”

The EFCC spokesman added that the commission had been able to recover $2,129,900 and another N134,542, from  the fraudsters.

He said, “Other items recovered are furniture worth N10m from Salihu Liman’s one bedroom apartment in Yaba, Lagos; four vehicles, landed properties in Kano and Kaduna and a four-bedroom duplex worth N45m in Lagos. Investigation into the scam continues.”

Source: Punch

126 comments:

Anonymous said...

hey naso na

Anonymous said...

Nawao

BONARIO NNAGS said...

Choi ! a whole 2billion,Nigerian politicians would be jealous of such feat.

~BONARIO~says so via NOKIA3310

Anonymous said...

Well done

Anonymous said...

This is rily bad,God help us in dis country,I'm impressed I dint see a yoruba name there,cos yoruba ppl are fraudsters in dis country,we Nigerians are tired of sharing dis country with them,dey shud be sent on exile.thanks.YNO says so!

Anonymous said...

Oleee...theives of lyf...greed...nt even in million...billions fah...God help dem

Anonymous said...

Hia na wa 4 dis pple Oooo,haba dat mony is too much.na God catch dem

★★PRINCE CHARMING™★★ said...

Expect more of such, that's what you get when a nation isn't favourable to youths, although our youths themselves are filled with cupidity!

Anonymous said...

People get mind o,i can't believe dis

Mich said...

Organised crime perpetrated with so much expertise.
It would be best if the arrested fraudsters are made to work for the police,they could help in tracking other fraudsters scattered across the country.

Hetty said...

Na wah oOoO.. see intelligence!! But Hausa people are too dumb how you go live in one room apartment with furniture worth 10mil..oboi..this na the hammer of the century...

Daniel Sitoabasi said...

Bad guys, una day hama oo

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Anonymous said...

Baaaaaaaad market!!!

Anonymous said...

OMG see free cash...Y una let dem catch una na???#sadface

Anonymous said...

Omo, boys are not smiling at all, see high street crime! Jezzz! If d amount of energy that criminal youth put into crime is put in positive tinz, ds country would be a better place. It takes a intelligent mind to pull this through n suceed at d first place.

Anonymous said...

Mahmoud?..d strike back guy...lol.

Anonymous said...

Holy shit! See wht greed has cause some pple o...2.somtin billion...OMG..if only they knew,they should have jst withdrew 100m and leave...see what joblessness and poverty has cause...I pity they girlfrnds....girls b aware...stop running after man made guy..

Anonymous said...

When u refused to empower the youth, you leave them with no other option than to develop their criminalistic minds.

Anonymous said...

This is old story Linda I av known this since d day it happen am into bdc bizness 2 is only GOD that saves our company

Anonymous said...

Why were they arrested now? Is it because they are undergraduates? They would be totally innocent if they were politicians abi?


Thanks,
Mayowa

수지진 said...

first to comment....hihihihihihihihihihi

Anonymous said...

Naija till I Die... Fabs

Anonymous said...

Friday is Dumb sha! N5M?! They should have offered him more...now he's got no job and no dime in the bank! And as for the chief fraudster he should be employed by the bank cos he'll definitely do it again after he has paid more than he stole n out of prison...Shame on the bank, our money is not really safe in their hands!!!

Anonymous said...

am the boss.......always first

Anonymous said...

Linda my sister, 2bn is not a joke o, an undergraduate whose concern should b how to be a responsible human being to his society has become a criminal due to idleness, Jonathan and ASUU should b held responsible. Chikina

Anonymous said...

naso

Anonymous said...

naso

Anonymous said...

Nice One guys,but una for use brain na make efcc o catch una,kudos too those that escape,only the govt cant continues stealing money,we all have to find a way when there seems to be no way,lol

Anonymous said...

Why in pete's name did dis guy use 10million worth of furniture in a one bedroom apartment. ?......smh

Rough Diamond said...

O ga o!
Dis guys r good @ wat dey do but everyday for d thief one day for d owner!
2billion! Dat's a lot of cash!

Anonymous said...

Na wa o linda their greediness no get part 2 ist to comment

Anonymous said...

Abeg oooo,him no b josite oooo!

Fome Ekere said...

These fraudsters are getting smarttter by the second, this is just like a movie

Tiana said...

Waooooooooooooo!!!!!!!!!!!!!!!! I need to strt something too, cnt keep wating for 2015 election so I cn go bk to skul. ASUU nd FG clap 4 urselves, well done

Bashir said...

Good work from EFCC.....The banks should learn from this, and a thorough investigation should be carried out too for any insider connivance.

Anonymous said...

Na wa o°ºoo if to steal na like this is good o°ºoo 2.o5bn.confirm creminal lolz

Anonymous said...

University of jos ke?....make dem no use my skul lie oh...

Legendkid said...

This is fraud at it highest. How come the bank didn't monitor the allegedly friend who came to work along with Friday?

Anonymous said...

Issorai! Greatest Josites!!!!! *Veecta*

Odeh Peter said...

Mehn

Anonymous said...

What does d govt expect students to do for Christ sake? Even graduates don't hv jobs not to talk of those forced to sit at home for so long. Private schools are preparing for resumption, richer kids hv gone abroad to resume. It's not fair at all. Those who get 18k minimum wage nko? Their kids will be d ones to steal from d so called rich kids. Hw will crime ever reduce! God is watching o. It is well.

Wasiu said...

Bull Shit.

The bank manger is involved in the scam.

How was the balance of a bank branch changed and he didn't notice the next working day.

Story filled with lies.

Chiisunshine said...

Chai!!!!!!!! See real scam. In d end what is the gain? U land ur butt in jail. Beware! If u can't serve the term, don't commit the crime!

jobless citizen said...

Oh boyy, I need fast moni too, I'm tired of stayin at home wt no job, I'm tired of begging for little cash like #500 jst to survive in a week. Chai c wat ds country is causing for us! poverty is a modafucker *cryin*

Anonymous said...

Ds ones na students so... na onli dem d strike affect huh?thief na thief jor!nxt pls.
Mauren

Anonymous said...

Ds ones na students so... na onli dem d strike affect huh?thief na thief jor!nxt pls.
Mauren

adeniyi opemipo said...

God have mercy. . .ASUU haba na


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Anonymous said...

That is naiji for u, cos u don want to give bribe nd u want to eat it all alone that is why the chose to expose u all.

Anonymous said...

Like some movie,hmmm. These guys are born criminals for real.

janelicious said...

shoooo some people got mind ooo #2b wowwwwwww,who gave thwm dt idea. instead of them using their God giving talent to do something good for themselves.

Anonymous said...

Let the tribal war begin.

Anonymous said...

haha! Welcome 2 9ja were stealing is allowed. At list dey ve bin taught well by deir masters(d 9ja leaders).

Anonymous said...

Na so!......this one no reach wetin our politicians dey steal, na national cake. Thumbs up boys but una for run commot from dis country immediately the deal click. Anyway, na una palava, make una carry una cross. Better luck nxt tym!!


#Max#

Anonymous said...

EFCC una try, but 1st go after the theives in power.

Chibuzor Ogbonna said...

2billion and they still dey Naija... Leaners

Anonymous said...

Linda is olutade not olufade

Anonymous said...

Great jossites!!!

Abayomi David said...

This is serious o, first to comment

Anonymous said...

Wa did u guys xpect?
~D great anonymous!

Adanna Kristie said...

This is a serz deal. More to come as ASUU strike continues

Anonymous said...

This case is Terrible and the culprit should NOT go thru trial instead straight to the maximum prison.And the whole senior staffs including the branch manager in JOS should be SACKED....""Franky concern""

Anonymous said...

Union Bank got an independent individual to carry out computer maintenance service! Shame on them. Penny wise, pounds foolish

bbdatouch said...

Whattttttt#eyes rolling#

Anonymous said...

Stupid EFCC offcials....the ones wey govt dey steal on a daily basis una dey overlook...na boys wey dey hustle their daily bread una catch.....rubbish!

Anonymous said...

I love dis guys, see money ooooooooooooooooooooooooooooooo

Anonymous said...

Good move but bad foundation.

ogo sharon said...

Why won't these undrfraduates b involved since Asu pple hav refused to call off the strike,"an idle mind they say is the devil's workshop.

Anonymous said...

I love ds kind of robbery.. Cos dey used deir sence

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Anonymous said...

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Anonymous said...

Fed Govt, u c urself?Let dis children go back to schooooooooooooooool!!useless govt from top to bottom.

Anonymous said...

And d Mumu Friday got only N.5m out of d whole deal!!!!Mschew


judith hanrankis said...

Jesu

Anonymous said...

Na wah ooo,chai! God help us young ones in this country. 2 each man his own hustle MO! But govt de tiff us everydy,EFCC una no de c dem?? #justasking. AK says so

Anonymous said...

This guyz suppose lay low after all.... Mhen,they get brain o, choi.... billions of naira.

Anonymous said...

mmmm! Igbo people.

Anonymous said...

Odiegwu really

Linda the 2nd said...

Give them the usual N250k fine for stealing N2b, (pension scam) and let them continue their hustle ..

Anonymous said...

Linda,do u blame they?dis is wat ur govt has turned dis people into,y would u keep young brain idol 4 3months and expect them nt 2 look 4 wat 2 do,those guys are nt d real cRiminals but ur FG is,hope oga jona,reads dis ur blog self

Anonymous said...

I dnt blame dem @ all cos all GEG is concernd about is pDp and thr peacful meetn n doz dat cnt blckmail hm n doz dah wnt 2 blckmail hm. I wish u guys were nt cought. I jst hope GEG will do smtn bout ds cos more r yet 2 cme

realjustice said...

Na wa for good brain used wrongly

Princess Dee said...

N2.5b??? Friday n others,why na???Wish u guys all d best in prison#

Anonymous said...

Assuming dis guys planed dis thing well...dey would hv being swimming in money by now

Anonymous said...

Nawa º°˚˚°ºo

Anonymous said...

Best comment ever! Lmao...u're a clown Tiana.

Anonymous said...

ur so funi man.. Was it ASUU strike dat made then steal? D last time i checked d strike started in july n wat r u blabbin abt... Ds only shows dat d law will surely catch up wif a thief 1day.. Urs maynt even take days

Anonymous said...

God hv mercy. Dis is serious who knows if they r really student

elevencrown said...

Wow dis is serious bt den y cnt the bank employ computer operator wwho is traceable @ every fraudulence act like this

Xassy said...

Nawa Ooo!wonders shall neva end.nd dis fucking asuu,pls let we students go bk 2 skul,we ar fucking tired

Anonymous said...

Am impressed

Anonymous said...

Hmmmmm my lips are seal.

Anonymous said...

Hmmmmm my lips are seal.

Anonymous said...

OMG! Salihu God yaff catch u...foolish boy he stays on ma street.very dangerous boy...

Anonymous said...

welcome 2 9ja, were stealing is allowed. Dis guys ve bin taught well, by deir masters(our 9ja rulers).

www.webwritinggem.com said...

Y do our people talk like this. A thief is a thief, whether there's strike or not.

www.webwritinggem.com said...

Y do our people talk like this. A thief is a thief, whether there's strike or not.

Anonymous said...

This one na mumu thieves, olodo kawai! How I go steal 2bn naira soince January still dey ds country? Omo, na zapping level be that eh! I go port comot for Africa, go lounge for one European or Asian or South America village and forget I'm Nigerian! Sha, like everything done in Nigeria... "Lack of planning". If u fail to plan, then u plan to fail.

Degovernor said...

Hmmmmn,2b that is a lot f**king cash.

Anonymous said...

YNO or whatever you call yourself, u are just a bloody retard and a tribalistic fool. I'm a full grown yoruba girl and I stand for what I believe in. It's just a pity you weren't flushed away before the foetus became fully developed. U r a menace to the society. Oniranu. Onirankinran.

ykiluminati on yahoo plus plus said...

yes this is brilliant .... someone should please introduce me to the hackers...

Anonymous said...

someone should pls introduce me too to the hackers

Anonymous said...

They were IT staff of the UBA ,3 of them but were sacked for just curse three of them the same day.

cornelius precious said...

All tnx to stupid Asuu. D robbery has just began. Nonsense govt.

Anonymous said...

Abeg what do u mean by u nigerians???we yoruba may be notorious for fraud but u igbo pple are rebels nd ur junior bro's are militants while d hausa's are terrorists.so we all av our shortcomings

Anonymous said...

They should pls employ them............they are goooooooooood

Anonymous said...

Oponu amunkun meko! Kini okan oro oruko yoruba? Pls get a gud life. It's useless people like you that gives others tribe the privilege to abuse us anyhow. Thank me later *FLO*

Anonymous said...

Chai like seriously I'm so so sad u guys got caught. Kudos to u. Serves them right when they are not ready to recruit graduates ompeeeee

Oleg ERIZANU said...

hustle continues those guys no get orientation if na me i pray sey u catch me ohhhhh

BelLaBomba said...

Well said

akpos1 said...

Oh lord!!! Change my story Today!!! Seee Money oooooooooooooooo

Anonymous said...

Where do you live, YNO? I hope not in Lagos or in any of the Yoruba states. If so, you seriously need to be deported. Retard! Oponu!

Anonymous said...

Please grow up and stop this 'I'm the first' rubbish. And no, you're not the first, you're like the 30th! Agbaya!

Anonymous said...

Its only in Nigeria dat d breeze of justice blows to a particular group of people,Nigerian politicians steal more than this from the banks but non of these banks have been courageous enough to persecute...but here are hungry students that r trying to copy their leader,arrested and wud be soon persecuted#only obtainable in naija#

Anonymous said...

D crime was committed in january...dats b4 d strike.Read carefully b4 commentin..Ode

Chop Chop said...

He shouldn't have such access to change ledger balance greater than N1000 not even the executive chairman of the bank. Now what?

Anonymous said...

Guy which kind english you de speak

Anonymous said...

More to come...

Anonymous said...

Hahahaha my thoughts exactly

Anonymous said...

this just shows that the bank's security system is whack. I wish the criminals got away with the crime. Union bank is a stupid bank and instead of whinning about being scammed by geniuses they should start working with IT gurus to improve their security system. Darrizall!

Anonymous said...

You haff spark!!! Oyibo gbakwa oku. Lool

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sunday onuorah said...

soooooooo baaddd...... if they are busy like linda, they wouldnt have been in this mess

Anonymous said...

Ure d dumb person idiot

Anonymous said...

good job, uunua try guy. keep it on

Anonymous said...

=))º°˚˚˚°ºнaĦaнaº°˚˚˚°º=)) stop running after man made guy? Was Dame Patty your teacher? Heheheeee

Anonymous said...

I know two of those people and their stories because I was once there with them :D so Linda stop posting crap. We do call the middle guy a nickname Buy Buy (Isiah) cus e's more like an errand boy but you pay him 10% of everything or anything e gt ya