Suspected fraudsters, during a three-day cyber-attack, have hacked a customer’s account domiciled in an old generation bank and fraudulently transferred N523,337,100 from the account to 18 different accounts in the same bank.

The spokesperson for the Police Special Fraud Unit in Ikoyi, Lagos State, SP Eyitayo Johnson, in a statement on Wednesday, said the suspects subsequently transferred the money from the 18 accounts into 225 other accounts domiciled in 22 other banks and financial institutions.

He said the coordinated cyber-attack was carried out on more...