Police nab fraudsters for stealing N400m via Moniepoint profiles

EditorFebruary 7, 2025February 7, 202503 mins

Two fraudsters have been apprehended by men of the Nigeria Police Force for stealing over N400 million using Moniepoint profiles. A statement on Thursday by Force Spokesperson, Olumuyiwa Adejobi, said the suspects identified as Saidu Adam Usman and Yusuf Umar created and distributed compromised Moniepoint financial accounts which they used to facilitate fraudulent transactions amounting…

Fraudsters hack Moniepoint system, steal depositors’ N1.1bn

EditorJanuary 22, 2025January 22, 202517 mins

Moniepoint Microfinance Bank is currently battling to recover a N1.1 billion allegedly stolen by fraudsters from the bank. The hacker, Sunday Ozimede, was said to have invaded the vault of Moniepoint and defrauded the lender of a sum of N1,190, 728, 076 billion. The hacker who has been arrested by the operatives of the Police…