The Economic and Financial Crimes Commission (EFCC) has said it is currently working on helping six Nigerian banks recover billions of Naira stolen by hackers, who gained access to the banks’ systems.
Chairman of the Commission, Mr. Ola Olukoyede, disclosed this during an interview on TVC on Sunday.
While declining to mention the affected banks to protect their image, the EFCC boss indicated that major banks were involved.
“As I’m talking to you, we have about six banks—I will not mention names because of their image—that have been hacked into by young people,” Olukoyede disclosed.
According to the EFCC boss, the Commission has been able to recover over N9 billion for one of the banks. “This is a major bank,” he added.
“For another one, we’ve been able to save about N6 billion,” he said.
Olukoyede noted that the fraud could not have happened without the involvement of the banks’ staff, who connived with the hackers.
He explained that the hackers used devices, which they plugged into the bank’s systems, to perpetrate the heinous act.#
“They actually do it with the insiders, the bank staff. They will plug the device into their platform, wherever the other person is, even if he’s outside Nigeria, he will be able to control the platform of the bank.