The gang members reportedly use their victims’ SIM card to decode their Bank Verification Number  (BVN) for easy access into their bank account.

Spokesperson of the Zonal Police Command, DSP Hauwa Idris Adamu said the suspects comprised a female and four male. She gave their names as: Daniel Asigbe, Ikechukwu  AIgbe, Frank Opara, Seun Dairo and the female among them, Goodness Ndukwe.

He said;

“Operatives of Zonal Monitoring Unit  have arrested a syndicate of five persons comprising four males and one female who specialised in stealing and transferring funds from people’s accounts through their SIM Cards.

“It all started on June 20, when  Daniel Asigbe, 25, stole a Samsung X9 from a barber’s shop at the  Lekki area of the state.  The said Asigbe, removed the SIM card and gave it to Ikechukwu who fraudulently got the owner’s BVN and sent the same to one Yele  (currently at large). Yele later generated and gave Ikechukwu the account owner’s transfer pin.

“Ikechukwu, then, transferred N2,300,000 from the account to the third accomplice ,Seun Dairo, 19, account. He also purchased N20,000  worth of airtime from the account. Meanwhile, Seun had given his ATM card to Frank Opara , 21, apparently for another deal.”