The Economic and Financial Crimes Commission’s (EFCC) Benin Zonal Directorate has arrested Olawole Sunday, a suspected fraudster who specializes in purchasing bank account information from people in order to defraud gullible members of the public.
In a statement released on Monday, April 7, 2025, the EFCC stated that Sunday’s strategy was to persuade young people to open several bank accounts, deposit N25,000 or N50,000 into each account, and gather their bank information, including their ATM and bank card numbers.
Sunday allegedly used one Uyi Godstime Eghosa’s account information to defraud a petitioner out of N2 million while pretending to be trading in foreign exchange.
Eghosa, the account owner, was arrested on Sunday after confessing that he had no idea his account was being used to defraud the public.
Eghosa clarified that following a payment of N25,000 (twenty-five thousand naira), he gave Sunday access to his account information, including his ATM card.
Sunday admitted to the crime when he was arrested and would face charges once the investigations were finished.
