28-yr-old man hacks into Eco Bank’s app, steals N207m

28-yr-old man hacks into Eco Bank’s app, steals N207m.

A 28-year-old suspected fraudster, James Nwagalezi, was yesterday, arraigned before a Lagos Magistrate’s Court for allegedly conniving with Okoli Nmesoma, already facing trial, to hack into the mobile app account of Eco Bank Plc and unlawfully withdrew N207 million.
Nwagalezi is facing a four-count charge bordering on felony to wit unlawfully hacking into bank account and stealing, preferred against him by the Police.
Police prosecutor, Inspector Jimoh Joseph, told the court that the defendant and others still at large committed the offence on April 27 at Igboelerin, Okokomaiko, Ojo, Lagos.
He said that “Nwagalezi was arrested after several months of manhunt. His arrest brings the number of suspects arrested and charged to court to six. The Police are still hunting for more suspects involved in the alleged fraud.”
However, Nwagalezi pleaded not guilty to the charge. Magistrate B. I. Bakare granted him N1 million bail. He adjourned the case till July 4 and ordered that the defendant be remanded at the Ikoyi Prison, pending when he is able to perfect his bail conditions.