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Nigerian Students Arrested For Hacking Philippine Bank’s System

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Four Nigerians residing in Muntinlupa City, Philippine have been arrested for the alleged involvement in an international syndicate that hacks and siphons funds from banks.

The Nigerians however denied the allegations leveled against them. According to reports from the National Bureau of Investigation;

“the fraudsters’ – Nigerians – transactions were traced when they hacked a system of one Philippine bank, where at least P100 million were transferred and funneled into a different account”.

It  also alleged that the Nigerians had violated the Access Device Law, Anti-Cybercrime law, and falsification of public documents.

The statement read;

“The international syndicate is complicated.. to the point that they study the system’s flaws. Once they see a weakness, they will take advantage of that.

“One of the suspects’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amounting to at least P2 million, which was supposedly for tuition.

“Blank ATM cards and bank receipts were confiscated from the suspects.”

 

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