Kogi state poly graduate hacks bank, steals N68bn… lands in EFCC net

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A graduate of the Kogi State Polytechnic, Lokoja, Stephen Omaidu, has been arrested and arraigned for allegedly hacking into a bank's database and stealing the sum of N68 billion naira.

Omaidu is alleged to have worked with four accomplices to transfer the said sum into four different accounts

According to spokesperson of the he Economic and Financial Crimes Commission, the suspected hacker's accomplices, Alhaji K. B. Kabiru, Godswill Oyegwa, Ben and Oliver, escaped and are still at large.

Omaidu was arraigned before Justice M. A. Nasir of the Federal Capital Territory High Court sitting in Jabi, Abuja on two counts bordering on theft to the tune of N68bn, an offence punishable under Section 287 of the Penal Code.

EFCC counsel, S. A. Ugwuebgulam, asked the court to fix a date for the trial to commence after Omaidu pleaded not guilty to the charges.

Defense counsel, Gabriel O. Sanifu, asked the urged the court to admit the accused to bail pending trial.

“The offence is bailable," he said.

Ugwuebgulam countered the bail application because the suspect had breached the conditions of the administrative bail terms earlier granted him.

Justice Nasir then remanded the suspect in custody and adjourned the case to the 28th of April, 2015.

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