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29-year-old Man Arrested With 870 ATM Cards In Kano - Politics - Nairaland

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29-year-old Man Arrested With 870 ATM Cards In Kano by TolstoyFan: 6:56am On Dec 23, 2015
A 29- year-old man, Yahya Saifullahi , has been arrested by Immigration officers at the Mallam Aminu Kano International Airport with 870 ATM cards and 2 bank internet tokens. Saifullahi was arrested aboard Ethiopia Airways’ Flight No ET 940 with Passport No. A06694052 on his way to Dubai. A member of the presidential task force on money laundering and illegal movement of foreign currency, Tukur Ibrahim disclosed that “the suspect lost his composure and psychological make up at that moment and on frisking a total of 870 ATM cards were found on him.”




Though Saifullahi concealed the ATM cards under his groin, Tukur gave the breakdown of seized ATM cards as Ecobank, 24; GT Bank, 118; Access Bank, 170; Diamond Bank, 71; Sterling Bank, 3; Keystone Bank, 9; Skye Bank, 34; UBA Plc, 8; Wema Bank, 3; Zenith Bank, 20; Heritage Bank, 21; Standard Chartered Bank, 10; First Bank, 42; Union Bank, 26; Stanbic IBTC, 30; Unity Bank, 45; Fidelity Bank, 40 and FCMB, 196. Saifullahi has been handed over to the Economic and Financial Crimes Commission for further investigation and prosecution.



http://dawntodusknews.com/29-year-old-man-arrested-870-atm-cards-kano/

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Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by zinachidi(m): 6:59am On Dec 23, 2015
street
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by damoskiy(m): 7:05am On Dec 23, 2015
chai.... NIGERIA.... my two hands in the air for him.
Bsc Msc Phd in Stealing.

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Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by olaolayink(m): 7:08am On Dec 23, 2015
chai chai chai.......why now?
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by Warlord3000(m): 7:10am On Dec 23, 2015
Chai shocked

870 atm cards..

Are the owners ghost or something shocked
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by Young03(m): 7:15am On Dec 23, 2015
He must be a distributor

barawo banza
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by Babzrockman: 7:20am On Dec 23, 2015
Am staying in airport road kano. Am looking for my Gtbank ATM. May be he wants to hack those cards in Dubai. Then return to Nigeria and begin to scatter areas.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by shepherd77: 7:24am On Dec 23, 2015
Twale...... This guy is an expert.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by tyson99(m): 7:28am On Dec 23, 2015
Na wa oo
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by ayemerbarth: 7:34am On Dec 23, 2015
This guys travel abroad on the permission of those atm holders copy their pin, withdraw dollars, stuff them in his luggage and return to Naija to sell in black market. That is why only abokis ll ve dollars even when the CBN has none. Only a genius ll understand this.think of this. If you can withdraw 500,000 dollars with the help of various atm at an official rate of 199 naira to a dollar in the states come back to naija sell at 270 in black market that is 35million profit.

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Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by ayemerbarth: 7:35am On Dec 23, 2015
Booked for more xplanation.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by RockMaxi: 7:47am On Dec 23, 2015

870 passwords, 870 identities, just with one person! I doff my cap in respect. cool
The guy is just a carrier.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by WaffenSS(m): 7:50am On Dec 23, 2015
Babzrockman:
Am staying in airport road kano. Am looking for my Gtbank ATM. May be he wants to hack those cards in Dubai. Then return to Nigeria and begin to scatter areas.

Nope.

Two possibilities.

1. He's an importer, or represents one, who wants to beat the dollar crunch by opening many accounts just to buy goods offshore.

2. He's fronting for some looters who use multiple accounts to transfer their loot offshore by using the debit cards to withdraw local currency abroad and stash same in foreign accounts.

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Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by WaffenSS(m): 7:52am On Dec 23, 2015
ayemerbarth:
This guys travel abroad on the permission of those atm holders copy their pin, withdraw dollars, stuff them in his luggage and return to Naija to sell in black market. That is why only abokis ll ve dollars even when the CBN has none. Only a genius ll understand this.think of this. If you can withdraw 500,000 dollars with the help of various atm at an official rate of 199 naira to a dollar in the states come back to naija sell at 270 in black market that is 35million profit.

You can't exit and enter either country with that much cash.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by 989900: 7:52am On Dec 23, 2015
ayemerbarth:
This guys travel abroad on the permission of those atm holders copy their pin, withdraw dollars, stuff them in his luggage and return to Naija to sell in black market. That is why only abokis ll ve dollars even when the CBN has none. Only a genius ll understand this.think of this. If you can withdraw 500,000 dollars with the help of various atm at an official rate of 199 naira to a dollar in the states come back to naija sell at 270 in black market that is 35million profit.

You can't withdraw@the official rate.

May be lesser than the black market rate with some banks.

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Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by 989900: 7:53am On Dec 23, 2015
RockMaxi:

870 passwords, 870 identities, just with one person! I doff my cap in respect. cool
The guy is just a carrier.

1 man can have MORE THAN 30 ATM cards.
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by rusher14: 7:56am On Dec 23, 2015
Money being laundered.

A lot of money being broken into small bits so as not to arouse attention.

With CBNs directive on use of naira denominated cards to kickoff from the first of January, 2016, Mr. Traveller was only working for some kingpin who is waiting for the proceeds.

Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by IAMTHEHERO: 7:58am On Dec 23, 2015
Children of hatred generation will linked him to Biafra
Re: 29-year-old Man Arrested With 870 ATM Cards In Kano by fasho01(m): 8:00am On Dec 23, 2015
Na wa oo.. obviously trying to take advantage of the high dollar to naira exchange rate.

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