How A Hacker Stole 752 Mln Naira From Flour Mills Accounts With UBA~ Bank Manager

A bank manager has narrated how an internet fraudster allegedly hacked into the bank accounts of Flour Mills Nigeria with the United Bank for Africa (UBA) and stole 752 million naira from the company.

Ojo Oladimeji, an auditor with UBA told a Federal High Court in Lagos that the hackers moving the amount from the account of the flour firm into 20 different accounts between June 24 and July 3 this year.
The alleged Internet fraudster, Ola Lawal, alias Lawal Roland, who is being prosecuted for the alleged hacking of UBA’s server by the Economic and Financial Crimes Commission (EFCC). Lawal is standing trial alongside his firm, DCAN Oil and Gas Limited.
Lawal is standing trial alongside his firm, DCAN Oil and Gas Limited.
Oladimeji, who was led in evidence by EFCC lawyer, M. K. Hussain, said the fraud was narrowed down to Lawal because N46m out of the N752m was transferred into his account in Union Bank Plc.
“We discovered that the sum of N752m had been fraudulently transferred from one of our customers’ account, Flour Mills Nigeria Limited, to 20 different accounts, which the defendant’s company’s account was a beneficiary.
“Flour Mills’ account was hacked between June 24 and July 3, 2019, and the total sum of 752 million naira was fraudulently transferred.
“The defendant’s account in Union Bank Plc received N46m on July 3. We then wrote a letter to our lawyer, Akin Adesomoju, to assist us with a petition to the EFCC to assist in investigation, recovery, arrest, and prosecution of the culprits. That was how the defendant was arrested and charged to court after the EFCC investigation.”
Lawal and his company have pleaded not guilty to the charges.
Justice Chuka Obiozor admitted Lawal to bail in the sum of 50 million naira with one surety in like sum.
The case was adjourned till December 12, 2019, for the continuation of trial.