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Business News of Wednesday, 7 December 2022

Source: www.mynigeria.com

Three men arrested for hacking POS portal to steal N16m

The photo used to illustrate the story The photo used to illustrate the story

Three men have been arrested for attempting to steal N16 million from a hacked Point of Sale (POS) portal in Oyo State.

This was confirmed by the spokesman of the Oyo State Police Command, Olumuyiwa Adejobi in a statement on Tuesday, December 6, 2022.

The suspects, Sanmi Ayodeji, Felix Oluwaseun and Adeleye, allegedly signed up on a POS platform, TmoniTmoni Technologies Company, with their Bank Verification Numbers and those of their friends and relatives without consulting them, Legit.ng reports.

The three men reportedly opened valid wallet accounts with the company, bypassed its security system and fraudulently transferred N16, 149.195 from the company's platform to various accounts where they withdrew the money.

The TheCable report said the suspects were arrested in Ibadan, Oyo State, by the Police cybercrime centre after the company filed a complaint.

According to Adejobi's statement, the suspects owned several mobile phones, POS machines, SIM cards, ATM cards and one Toyota Matric car.

The statement reads: "The Inspector-General of Police, while calling on users of online banking platforms to be vigilant concerning their personal information, urges all citizens and residents in the country, as stakeholders in ensuring maximum security, to report all suspicious cyber activities via 09168343711, interpolnigeria@npf.gov.ng or on the NPF Cybercrime Reporting Portal – https://incb.npf.gov.ng/.

"The IGP similarly commended the Director, NPF National Cybercrime Centre, Deputy Commissioner of Police, Uche Ifeanyi Henry, for his diligence and dedication, which has led to the breakthroughs recorded so far.

"The suspects will be charged to court as soon as possible."