A 28-year-old man has been arraigned before a
Lagos Magistrate’s Court for allegedly hacking
into the mobile app of Eco Bank PLC to steal
N207 million.
James Nwagalezi reportedly connived with Okoli Nmesoma, who is
already facing trial, to carry out the cyber crime. Nwagalezi was
yesterday arraigned on a four-count charge bordering
on felony to unlawfully hacking into bank account and stealing.
Police prosecutor, Inspector Jimoh Joseph, told the court that the
defendant and others still at large committed the offence on April
27 at Igboelerin, Okokomaiko, Ojo, Lagos. He said The
management of the bank at its headquarters in Lagos reported the
fraud to the Divisional Police Officer, DPO, in charge of Ikoyi
Division, SP Tijani Mustapha, who directed a crack team led by
Inspector Tope Ijatuyi to fish out the suspects
He added that “Nwagalezi was arrested after several months
of manhunt. His arrest brings the number of suspects arrested and
charged to court to six. The Police are still hunting for more
suspects involved in the alleged fraud.”
Nwagalezi pleaded not guilty to the charges.
Magistrate B. I. Bakare granted him N1 million bail, with two
sureties in like sum, one of whom must be a community leader.
He adjourned the case till July 4 and ordered that the
defendant be remanded at the Ikoyi Prison, pending when he is
able to perfect his bail conditions.

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