Eight men have been arraigned at the Federal High Court in Lagos for allegedly hacking into the server of an electronic platform belonging to ITEX Integrated Services Limited and stealing N435.3 million.

The defendants are Aderuku Adedayo, Adigun Benjamin, Awopetu Tosin, Ajibade Ayomide, Ojo Oluwaseun, Miller Oluwafemi, Olaleye Samuel, and Ajibade Ayodeji.

They are facing charges related to conspiracy, hacking, stealing, and fraud brought against them by the Lagos State Police Command.

According to the prosecutor, Morufu Animashaun, the defendants conspired with others, who are now on the run, to commit the offenses on September 7, 2022, at Victoria Island in Lagos. Animashaun alleged that the syndicate hacked into the firm’s server and defrauded the company of N435,386,699.99. He further informed the court that the first defendant received N29.9 million, while the second defendant received N51 million. The third and fourth defendants allegedly received N19 million and N20 million, respectively, from the hack. Animashaun also alleged that the fifth to eighth defendants received N13 million, N3 million, and N20 million, respectively.

See the full details here:

https://opzygist.com.ng/gossips-and-news/crime/fraudsters-hack-companys-server-steal-n435-3m-in-lagos/

SMH

Nigerian companies do not invest heavily on cybersecurity.

Those who supported fraudsters claiming it's done to foreigners should remember that, they are bringing it home little by little.
They will start with big firms and then it will trickle to the common man.