Police smash bank fraud syndicate in Lagos

Stories by Tope Musowo
Lagos

Operatives of Rapid Response Squad (RRS) of the Lagos State Police Command have smashed a bank fraud syndicate, just as the suspected ring leader and architect of several bank frauds was arrested.

The suspected fraudster, Ajisafe Olugbenga, 47, from Osun State, is said to be an ex-banker, who is popularly known as Harrison among his gang, was arrested last following investigation into a sim swap deal at a network provider’s outlet in Surulere, Lagos and Abeokuta, Ogun state.
Olugbenga, who was reportedly arrest in April 2016, over his alleged involvement in a N2 million fraud in one of the old generation banks in Lagos state, was said to have been on the run before he was re- arrested.

Blueprint gathered that the suspect who is said to have vast network of insiders within most banks, is alleged to have exploited these links to procure bank details of high net worth customers which the gang used for its operations.
Several print outs of customer were said to have been recovered from members of the gang which is said to specialised in blocking or swapping sims of the bank customers so they would not receive notification of the illicit transactions on their account.

Other members of the gang arrested include: Michael Adeoye, Ayo Olalekan, Israel Ochenehi, Adegbenro Opeyemi, Obong Udeme-Obot and Peter Ezurike as well as a staff of a network provider in an outlet in Abeokuta who is said to have been assisting the gang in sim swapping.
Police sources said efforts were on to arrest other collaborator who are said to be on the run, just as the suspects have been transferred to the State Criminal Investigation department (SCID), Panti for further investigations.

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