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Fraudsters Hack Company’s Server, Steal N435.3m

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The Lagos State Police Command has arraigned a fraud syndicate comprising eight men before the Federal High Court in Lagos for allegedly hacking into the server of an electronic platform, ITEX Integrated Services Limited, and stealing N435.3m.

The defendants including Aderuku Adedayo, Adigun Benjamin, Awopetu Tosin, Ajibade Ayomide, Ojo Olwaseun, Miller Oluwafemi, Olaleye Samuel and Ajibade Ayodeyi, are facing charges bordering on conspiracy, hacking, stealing and fraud preferred against them by the police.

The prosecutor, Morufu Animashaun, told the court that the defendants conspired among themselves and others now at large to commit the offences on September 7, 2022, at 1E, Sinari Daranijo Street, Victoria Island, Lagos.

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He said the defendants jointly hacked the company’s server and defrauded the company of N435, 386, 699. 99.

READ ALSO: Hackers Allegedly Steal N2.9bn From Flutterwave

My Daughter Was Preparing For Her Masters In UK Before…
The prosecutor told the court that the first defendant benefitted the sum of N29.9m, while the second defendant received N51m, with the third and fourth defendants benefitting N19m and N20m respectively from the alleged fraudulent acts.

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Animashaun further told the court that the fifth to eighth defendants benefitted from the sums of N13m, N3m, N13m and N20m respectively.

He said the first, second, third, seventh and eighth defendants, after the alleged fraud, transferred parts of the money to some people in different banks.

According to the prosecutor, the offences committed contravened Sections 8(a), 1(1)(a), 2(a) and 7(2)(b)of the Advance Fee Fraud and other Fraud Related Offences Act, 2006, and punishable under Section 1(3) of the same Act.

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All the defendants pleaded not guilty to the charges.

Following the defendants’ not-guilty plea, the prosecutor asked the court to remand them till the determination of the charges against them.

READ ALSO: Usain Bolt Loses $12 Million To Hackers

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But the defendants’ counsel, F. F. Abisagbo, told the court that he had filed his clients’ bail application and the same had been served on the prosecution.

The prosecutor, however, told the court that he had not been served with the application.

The court also confirmed that the defendants’ bail application was not before the court.

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Consequently, Justice Ambrose Lewis-Allagoa ordered that the defendants be remanded in the custody of Nigerian Correctional Services, and adjourned the case till April 27, for the commencement of trial.

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FG Trains Students On Entrepreneurship Development In 100 Higher Institutions – Official

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Mr Mohammed Baba, Asst. Director, Finance and Account, Federal Ministry of Finance, says the Federal Government, through the ministry has trained students on entrepreneurship development in not less than 100 higher institutions in the country.

He stated this on the sideline of training lectures for the students of the Federal Polytechnic, Bauchi on Friday, adding that the training was carried out under the Youth Enterprise With Innovation in Nigeria (YOUWIN) of the ministry.

Baba, who noted that the training was a project of President Bola Tinubu, said that the present administration saw the need to catch the ‘youth young’ so as to be self-sustained without relying on government employment.

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“We have covered more than 100 tertiary institutions and with this initiative, the generation to come will be better.

READ ALSO: Plant Trees Alongside With School Construction, Bauchi SUBEB Tells Contractors

“They have to have entrepreneurship skills so as to be able to fall back and grow as entrepreneurs and become employers of labour in the event of not getting a white collar job.

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“The plan A is to give theoretical knowledge which is what we are doing now and the plan B is to give the practical aspect where the funding will come in the form of a grant to the entrepreneurship department which will be shared to the most qualified entrepreneurs in schools,” he said.

He advised the students to make the best use of the grant when it finally arrived as they are being looked upon to become successful entrepreneurs and employers of labour to better the country’s economy.

Baba also urged them to approach the Bank of Industry for loans to make their entrepreneurship knowledge a reality even before the coming of the federal government’s grant.

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READ ALSO:Bauchi Sacks Education Officer For Sexual Harassment, Promotes 83 Others

In her lecture, Mrs Deborah Tatimi, a facilitator, said that YOUWIN is to inspire, equip and make the students to embrace entrepreneurship as a viable career option by providing them with the mindset, skills and tools needed to build successful businesses.

This, she said, would reduce over dependence on government for jobs and help them in fostering a culture of self-reliance, innovation and employment.

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Earlier, Alh. Kasim Salihu, the Registrar of the polytechnic, commended the federal government for selecting the school for the training and called on the students to listen attentively, saying that entrepreneurship is key to national development.

Salihu, who assured that the students of the school were well groomed on entrepreneurship development theoretically, called on the federal government to come up with grants to help them actualise and practicalise their skills.

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How Nigerian Man Hacked US Varsity, Stole $235,000 – Officials

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A Nigerian living in the United Kingdom, Farouk Adekunle Adepoju, has been arrested by British authorities following a request from the United States government after he was indicted on charges of wire fraud and computer fraud.

‎According to US prosecutors, Adepoju hacked into the email system of a Pennsylvania construction company working for a university, then created fake accounts to impersonate staff and divert payment.

‎The US Department of Justice, in a statement on its website on Thursday, said Adepoju, who was arrested on September 15, 2025, is awaiting extradition to face a seven-count indictment in the Western District of Pennsylvania.

‎The indictment, unsealed on Thursday, alleged that between March and April 2023, Adepoju remotely accessed a protected computer belonging to the construction company.

READ ALSO:Lagos Skit Maker Hacked To Death By Suspected Cultists

‎He allegedly altered email rules, set up a spoofed domain, and used it to send fraudulent payment instructions to the university.

‎Relying on the emails, the university updated the construction firm’s payment details to a fraudulent account controlled by Adepoju, transferring about $235,266.

‎The funds have not been recovered.

‎Acting US attorney, Troy Rivetti, said, “Adepoju is charged with using sophisticated cyber means to illegally access accounts belonging to a business in order to victimize one of our region’s universities.

‎“Even from halfway across the world, however, Adepoju was not beyond the investigative reach of the Federal Bureau of Investigation. His arrest in the United Kingdom underscores our district’s unwavering commitment to aggressively locate and prosecute cybercriminals worldwide with the assistance of our law enforcement partners—both here and abroad.”

READ ALSO:Nigerian Jailed In US Over $6m Inheritance Fraud

‎FBI Pittsburgh Special Agent in Charge, Kevin Rojek, added, “Criminals who think they can reach across the globe into the United States to line their pockets at the expense of the American public need know one thing: the FBI and our partners are not going to let you get away with it.

“We will find you and bring you to justice, no matter where you might be. Email compromise schemes are not victimless crimes; they are one of the costliest threats large and small businesses, universities, and organizations face today.”

‎Adepoju faces six counts of wire fraud and one count of computer fraud.

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READ ALSO:Police Arrest Islamic Cleric With Human Flesh In Oyo

Each wire fraud charge carries a maximum of 20 years in prison, while the computer fraud charge carries up to five years.

‎The FBI’s Pittsburgh Field Office led the investigation, while Assistant US Attorney Mark V. Gurzo is prosecuting the case with support from the Department of Justice’s Office of International Affairs.

‎Authorities stressed that an indictment is only an accusation, and Adepoju is presumed innocent until proven guilty

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JUST IN: Resident Doctors In Abuja Suspend Indefinite Strike

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The Association of Resident Doctors of the Federal Capital Territory Administration has suspended the indefinite strike.

The President of ARD-FCTA, Dr George Ebong, disclosed this to DAILY POST on Friday.

He said its members are expected to resume work on Monday, 22nd September 2025, at 8 am.

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He noted that the strike suspension comes after the intervention of the Nigerian Senate Committee on Federal Territory Area Councils & Ancillary Matters and respect for FCT Minister Nyesome Wike.

READ ALSO:Resident Doctors Suspend Warning Strike After Two Days, Resume Work Nationwide

However, Dr Ebong revealed that none of its demands had been met as of filing the report.

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The senate intervened. Even though none of our demands have been met yet, they assured us that they will talk to the minister.We hope the minister will listen to us, because we respect him,” he stated.

Recall that ARD-FCTA began an indefinite strike on Monday over poor working conditions, remuneration and other demands.

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