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Four ‘Yahoo Boys’ in Soup for Stealing N1bn from FCMB

Four internet fraudsters, also known as ‘Yahoo Boys’, were today arraigned before an Igbosere Chief Magistrate Court, Lagos for stealing about One billion naira from First City Monumental Bank (FCMB) customers bank accounts.

The defendants are; Gideon Olatimeyin 33, Osita Martyns 37, Daramola  Samuel Akanji 23 and Abiodun Aina 38 years old.

Chief Magistrate Folashade Botoku orderded the defendants to be remanded in prison following their arraignment on four count charge brought against them by the Special Fraud Unit (SFU) of the Police.

They were alleged of conspiracy, stealing and effect unauthorised modification of bank’s computer data by increasing the transaction limit.

The offence is punishable under section 287(9)(c), 390,411 and 388 of the Criminal Law of Lagos State,2015.

They pleaded not guilty to all the count charges.

Part of the charge read:

That you Gideon Olatimeyin M, Osita Martyns M, Daramola  Samuel Akanji M and Abiodun Aina M and others at large on March 10, 2018 at Lagos, at the Lagos Magisterial district , did conspired amongst yourself did steal the sum of #900,775,757.47 property of various customers of the bank by transferring the funds from their FCMB accounts to various different accounts outside the bank via POS and ATM.

Also, the police alleged that the defendants  on same date and place with intent to defraud did gain access to the debit card platform and profile of FCMB bank through the profile of a contact center staff and effect unauthorised modification of the bank computer data by increasing the transaction withdrawal limit.

However, Magistrate Botoku therefore granted them bail in the sum #20 million each, ordered that one of the surety must be a traditional ruler.

She therefore order defendants to be remand in Kirikiri prison custody pending perfection of their bail condition.



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