Nigeria Police Arrest Six in N7.7 Billion Cyber Fraud Case Against Telecom Company

The Nigeria Police Force has arrested six individuals linked to a significant cyber-enabled fraud scheme that resulted in losses exceeding N7.7 billion for a telecommunications company. The arrests were made following a petition from the company, which reported unauthorized activities in its billing systems. Investigations revealed that the suspects had compromised staff login credentials, allowing them to manipulate airtime and data resources illegally. The police conducted operations in Kano, Katsina, and the Federal Capital Territory, leading to the recovery of various high-value assets, including properties, electronics, and substantial cash from bank accounts connected to the suspects. Inspector-General of Police Kayode Egbetokun praised the professionalism of the officers involved and reaffirmed the police's commitment to combating cybercrime and safeguarding digital and financial systems.