EFCC Arrests Man for Buying Bank Accounts to Commit Fraud

Operatives of the Economic and Financial Crimes Commission (EFCC) Benin Zone have arrested Olawole Sunday, a suspected fraudster, for allegedly purchasing bank account details for fraudulent activities.

According to the EFCC, Sunday lured young individuals into opening multiple bank accounts, which he then bought for amounts ranging from N25,000 to N50,000. In return, he obtained full access to these accounts, including ATM cards and other sensitive banking details.

The commission revealed that Sunday used one of these accounts, belonging to Uyi Godstime Eghosa, to defraud a victim of N2 million under the guise of forex trading. Eghosa was initially arrested by EFCC operatives, and during questioning, he claimed to be unaware of the fraudulent transaction, stating that he had sold the account to Sunday for N25,000. His admission led to Sunday’s arrest.

Following his capture, Sunday reportedly confessed to the crime, acknowledging that he used the purchased account details to scam unsuspecting victims.

The EFCC stated that Sunday would be charged in court once investigations are complete. The commission also issued a stern warning to the public, particularly young people, urging them not to sell or share their bank account information, as doing so could implicate them in criminal activities.