Customer allegedly hacks Unity bank’s accounts, steals $64,822

A Unity Bank customer, Adeagbo Bayonle, allegedly hacked into Unity Bank’s accounts and stole $64,822.97 with an Automated Teller Machine (ATM) card.

The 37 year old accused was yesterday, charged before an Igbosere magistrate’s court in Lagos.

Customer allegedly hacks Unity bank’s accounts, steals $64,822

He was alleged to have committed the Unity bank hack crime on November 6 in connivance with one Dayo Ogunseyitan, who is still at large.

The theft was discovered following complaints by affected account owners in several cities and an audit by the bank’s management. The bank subsequently reported the matter through a petition to the Commissioner of Police, Special Fraud Unit, PSFU, Ikoyi, Mr. Ibrahim Lamorde, who directed a team led by Assistant Superintendent Lazarus Nurus to investigate the Unity bank hack.

Following a tip-off, the team tracked the suspects to their hideout at an undisclosed location in Lagos. The defendant was arrested, but, according to a source, Ogunseyitan fled.

Adeagbo Bayonle was arraigned before Magistrate B. I. Bakare on a two-count charge bordering on stealing.

The prosecutor, Inspector Wewe Adegbayi, told the court that the defendant and Ogunseyitan withdrew the said money from several ATMs in Lagos, Ibadan and other cities.

Adegbayi said after hacking the bank’s system, both men modified a Naira ATM card so it could withdraw Dollars, following which they withdrew $64,822.97 from the accounts.

According to him, the offences committed are punishable under Sections 285 and 323(2) of the Criminal Law of Lagos State, 2011.

Adeagbo Bayonle denied the charge. The defendant’s lawyer, Olusegun Adaranijo, urged the court to grant him bail, adding that he would not jump bail.

In a ruling, Magistrate Bakare granted him N5 million bail with two sureties in like sum, one of whom must be a landed property owner in Lagos. Bakare also directed each surety to deposit N50,000 in the court’s Chief Registrar’s account. The magistrate ordered that the defendant be remanded in Ikoyi Prison until he fulfils the bail conditions and adjourned the case till January 12, 2018 for mention.

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