A leading African digital commerce platform, Interswitch Limited has been defrauded of the sum of N3.9bn by 16 persons.
However, the Nigeria Police Force National Cyber Crime Centre has so far recovered the sum of N3.9bn cash and properties from the suspects, with efforts ongoing to recover more.
At a joint press briefing in Abuja on Monday, the Department of State Services’ spokesperson, Peter Afunanya, said the center made the arrest and recovery following a petition from Interswitch Limited regarding a glitch on its financial portal.
He added that eight of the suspects had been convicted
“The Nigeria Police Force National Cyber Crime Centre tackled a massive financial fraud case, acting on a petition from Interswitch Limited regarding a glitch on its financial portal.
“The swift response led to the arrest of over 16 suspects, eight of whom have been convicted. The operation recovered over N3.9bn in cash, properties, and vehicles, with ongoing efforts to recover additional looted funds,” he said.
Afunanya also said a notorious kidnapper has been arrested by the police in Taraba and recovered arms and ammunition from him.
“In a parallel operation, the Special Anti-Kidnapping Squad of Taraba State command arrested a notorious kidnapper, seizing three AK-47 rifles, four magazines, 19 rounds of live ammunition, 23 expended rounds, and five solar panels from his premises.
“Similarly, on July 4, 2024, the Lagos State Command operatives thwarted an attack by a notorious kidnapping gang. In a fierce gun battle, nine kidnappers were neutralized, and significant weaponry, including four AK-47 rifles, four locally-made semi-automatic pistols, nine AK-47 magazines, three walkie-talkies, a PoS machine, a loudspeaker, and two operational vehicles were recovered. Investigations continue to apprehend the fleeing suspects.
“In another notable case, on April 24, 2024, 18-year-old Mallam Adamu Adamu was rescued from captivity in Kasda, Jakusko LGA, Yobe State,”,” Afunanya said.
He said Police operatives raided the gang’s enclave, arresting three suspects and recovering two AK-47 rifles and a magazine with 26 rounds of live ammunition, adding that the suspects will be charged in court upon completion of the investigation.
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