By Onyewuchi Ojinnaka
A syndicate of five suspected fraudsters who allegedly specialized in credit card fraud has been smashed by the operatives of the Economic and Financial Crimes Commission, (EFCC).
The arrested members of the syndicate are Daniel C. Stephen, Nestor Ezeani, Sonny Okwaraji, Sylvester E Otuwa and Jeff Ogbonaya.
They allegedly masterminded the theft of $257,822.16 U.S. dollars from a new generation bank.
The alleged fraudulent transaction was reported by the bank through a petition, alleging that the bank received a mail from VISA International on suspected 60 credit card transactions.
In a swift action, the EFCC moved and arrested the five suspects at 7th Avenue FESTAC, Lagos.
The suspects were arrested with several credit cards in their possession, which they use in loading money before transferring them to other banks.
Some of the suspects have made useful statements, while investigations continue.
The anti-graft agency said that the suspects
would be charged to court as soon as investigations were concluded.
