67-year-old Nigerian Woman Hacks First Bank Account, Steals N16.2 Million

A 67-year-old woman, Wuraola Folashade Oluloye, has been arraigned before the Lagos State Magistrate Court at Igbosere, Lagos state for allegedly hacking into a First Bank Plc account and stealing N16.2million.


The woman was dragged before the court on a five-count charge of fraudulent diversion and was arrested following a complaint from Solomon Akhanolu, Head of the Department of Forensic Auditors of First Bank.


The prosecution counsel, George Nwosu, had told the court yesterday that Oluloye committed the alleged offences between last October 16 and December 31, at First Bank’s Agidingbi Branch, Lagos. He said the 67-year-old woman allegedly hacked the account of a First Bank customer, Emefiele Ogbor, with account No 3014419974, and withdrew N16,200,000 from there and transferred same to her accounts in Stanbic IBTC, Union, Sterling and First banks. Shortly afterwards Oluloye showed up at the bank to make withdrawals from her account. Unknown to her, the police were waiting and she was arrested.


He said the case contravened Section 287 of the Criminal Law of Lagos State, 2015, the court heard.

Oluloye denied the allegations and pleaded not guilty. She was granted bail by Folashade Olukoya, the presiding magistrate and the chief magistrate of Igbosere court. As part of her bail conditions, Oluloye is expected to raise N500, 000 in bail bond and provide two sureties in like sum.  She would be remanded in Kirikiri Prison custody until she meets her bail conditions


The case was thereafter adjourned till Monday June 24th.

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