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Three Men Arrested After Hacking POS Security System To Steal N16 Million.

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Three Men Arrested After Hacking POS Security System To Steal N16 Million.

The Oyo State police division has reportedly detained three individuals over the alleged theft of N16 million with the use of a POS device (Point of Sale).

According to the Nigeria Police Force (NPF) spokesperson Olumuyiwa Adejobi, the suspects, named as Sanmi Ayodeji, 29, Felix Oluwaseun, 24, and Adeleye Oluwaseun, 34, registered for a POS device using their bank verification numbers (BVN) as well as those of their friends and family members without their knowledge.

According to reports, they used the POS device to open legitimate wallet accounts, got beyond the company’s network security system, and illegally transferred N16,149,195 from the platform to other online accounts, from which they withdrew money.

The suspects were nabbed and detained in Ibadan, Oyo state, by agents of the Nigeria Police Force National Cybercrime Centre following a complaint from the financial controller of the POS platform.

During the arrest, multiple items were found in their possession, which includes SIM cards, mobile phones, POS machines, ATM cards and a car.

A statement issued by the NPF read: “Upon their arrest, the suspects were found in possession of several mobile phones, POS machines, SIM cards, Automated Teller Machine (ATM) Cards, and one Toyota Matrix car with registration no. KUJ 548 CN which they confessed was bought with proceeds of the crime.”

“The Inspector-General of Police, while calling on users of online banking platforms to be vigilant with regard to 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.”

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