₦airaland Forum

Man arrested over alleged N500m credit card fraud

A 30-year-old suspected internet fraudster, Victor Ojionu, who specialized in hacking into credits cards belonging to Nigerians and foreign nationals, have been arrested by operatives of the Inspector General of Police Intelligence Response Team (IRT) at the Federal Capital Territory, Abuja, for stealing over N500 million within the space of five years.

It was gathered that Ojionu, who is currently undergoing interrogation at the Abuja office of the Economic and Financial Crimes Commission (EFCC), was alleged to have succeeded in defrauding his victims using a popular online retail site, Amazon.com, where he allegedly sells books.

Sources disclosed that the Imo State-born suspect, designed a payment portal, known as Payoneer, which he linked to his book-selling website on Amazon.com and he steals credits cards details and identities of its owner using his payment portal.

It was gathered further that when Ojionu succeeds in stealing the credit cards details of his victims, he would proceed in buying baby dippers, wipers, wrist watches and other expensive items from another online retail store, Alibaba.com in China and send the purchased items to Ghana, where they would be sold to his waiting buyers.

A source explained that after the items has been sold, Ojionu would travel to Ghana, retrieve his money from his buyers and would send the proceeds to Nigeria through a Bureau de Change operator. The source added that the suspect has succeeded in buying two expensive cars, three mansions in Abuja, Cross Rivers State and his hometown in Imo from proceeds of his scam. It was also learnt that the suspect has a property under construction at Dabo Estate at Life Camp area of Abuja.

Ojionu ran into trouble recently when one of his victims alerted the police and the EFCC about the theft of his credit card details and the subsequent withdrawals from his accounts, running into millions of naira.

The IRT team was drafted to investigate the case and also arrest and hand over the suspect to the EFCC for onward prosecution. It was learnt that Ojionu was trailed to one of his mansions in Abuja and he confessed during his arrest that he was into internet fraud.

The electrical engineering graduate of the University of Nigeria Nsukka, stated that he became an internet fraudster in 2015, during his National Youth Service Corp (NYSC) in Calabar, Cross Rivers State.

“I learned the internet fraud business in 2015 during my NYSC days in Cross Rivers and I bought a house worth N60 million from the deal before I relocated to Abuja, where I bought another house for N65 million. What I do is mainly on Alibaba by trading with hacked credits cards. I buy my goods in China and sell them in Ghana and I bring the proceed to Nigeria where I have invested large portion of it on properties.”

Source: https://www.google.com/amp/s/guardian.ng/news/man-arrested-over-alleged-n500m-credit-card-fraud/amp/

The suspect at one of his property under construction in Dabo Estate, Life Camp area, Abuja

Crime does not have a happy end.

Hmm

No matter how much you think you have hit it big through fraud,there's just that one day that a transaction becomes the trigger to investigations and subsequent arrest.

Not worth it on the long run.Now he's going to have the houses confiscated and go to prison.

What did you gain in stealing people's hard earn money? I wonder how they feel flirting with riches that belongs to someone suffering, may Amadioha strike you dead in EFCC custody. Idiot

Is EFCC going to return the money to the owners ?

the guy said he designed payoneer... LWKMD

Him water don "loo".

I wan learn work from this guy

this writeup is educative in a bad way

I hate fraudsters!

And he enjoyed prison happily ever after

Karma

So kdp na scam to our security operatives? Lmao, and he designed payoneer. I give up.

Alex80s:
Is EFCC going to return the money to the owners ?

You ask a very important Question, is about time the National House of assembly should deliberate on this matter.

jayson87:
the guy said he designed payoneer... LWKMD

And the police believed him. Shows the Nigerian police is populated with stark illiterates.

He stole credit card details from his payment portal.... Payooner How does this make sense

He sells books on Amazon... Na d scam be dat??

Anyway using hacked credit cards is bad enough....

COURVOISier:
So kdp na scam to our security operatives? Lmao, and he designed payoneer. I give up.

Payoneer is his website? Intelligence at its peak! Considering this obvious 'inaccuracy' in this purported investigation, the guy might be doing a legit business. Unless, otherwise, the website he owns is a fishing site mimicking payoneer. Payoneer is a legit site.

Note: I do not absolve the suspected criminal of his crime but pointing out the inaccuracy of the statement that ' he owns payoneer'. If it is a Phishing site (a lookalike) that he owns, then it should be explicitly stated and not that he owns Payoneer. This becomes important because many of our law enforcement officers may begin to arrest anyone with a Payoneer card/account tagging it fraud.

See the way people are wasting intelligence..

Academicwizman:
Payoneer is his website? Intelligence at its peak! Considering this obvious 'inaccuracy' in this purported investigation, the guy might be doing a legit business. Unless, otherwise, the website he owns is a fishing site mimicking payoneer. Payoneer is a legit site.

I hate cyber fraudsters but I have a feeling this guy is doing a legit buisness. He's an Amazon Kindle publisher and Amazon is a very protected site. No way he can set up a phishing site with a backlink to Amazon. He may have been tortured into admitting he set up "payoneer".
The guy will be walking home free if he gets a good lawyer. The illiteracy in our law enforcement rank and file is staggering. Most of them got into police with forged certificates.

Becareful how you use ur debit/credit card details online.

This Yahoo dey pay oh

Mheen! Now, Alibaba, amazon, payoneer will toughen their security system which will affect alot of innocent buyers. This is not a good news for us at all. If this story is true, this is not nice at all.

Space booked

Cant believe somebody really answers "Ojionu" as a name...

He could just steal the initial money and then invest it. Stealing and stealing for years is a very stup!d business plan,at least you could wash the money clean with legit business so there will be no paper trail

Chai
He designed payoneer? I dey laugh o