Scammers Hack Nigerian Bank, Steal N10 Billion, 818 Accounts Identified 

The Federal High Court in Abuja has issued a 30-day extension for the freezing of 818 bank accounts that are suspected to be linked to the alleged proceeds of a cyberattack that resulted in a loss of N10 billion for Hope Payment Service Bank, as reported by Legit.

This order, granted by Justice James Omotosho on October 15, 2024, was authorized by the Inspector General of Police (IGP) and is based on a motion ex parte filed by the police.

The motion, designated as FHC/ABJ/CS/1358/2024, targets individuals including James Akagwu Isaac, Akwubo Gosent, and several banking institutions.

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The IGP’s legal team indicated that these accounts are currently under investigation regarding their involvement in the alleged receipt of funds associated with the crime, which necessitated the freezing action.

A deposed affidavit by Mohammed Idris, an employee at the Nigeria Police Force Headquarters in Abuja, detailed that the IGP’s office had filed the motion following a report from the Managing Director/Chief Financial Officer of Hope Bank, highlighting issues of criminal diversion of funds and conspiracy against one of the defendants.

Idris noted that the police investigation confirmed the significant loss incurred by the bank as a result of the cyberattack.

The police have since submitted the freezing order to the pertinent financial institutions involved in this case.