A Federal High Court in Lagos has ordered United Bank for Africa (UBA), and Zenith Bank to reverse the sum of N15 million traced to its customers’ accounts by the Police Special Fraud Unit (PSFU), a fund alleged to be proceed of fraud.
The Legal Section of PSFU on Friday, obtained the order following its conclusion of investigation into the purchase of Chinese Yuan by a complainant who petition the operatives.
Justice Nicholas Oweibo who presided over the suit ordered the banks to reverse the sums of N13 million and N2 million, traced to both UBA and Zenith Bank account of the alleged fraudster respectively.
The judge further held that the questionable funds should be reversed to source accounts where it was fraudulently tampered with.
The fund being proceeds of fraud as investigated by the police, which was meant for the purchase of Chinese Yuan for the victim was traced to UBA Account Number 1023240381, account name: Alibababa Information Trading and Zenith International Bank Account Number 1016167633, Account Name: Guang Dong Shou Wang Trading.
PSFU quickly placed a lien on the accounts in order to prevent the monies from being dissipated while an order of the Federal High Court was obtained to reverse the funds.
Operatives of the Unit are on the trial of one Mrs Lilly (surname unknown) and other suspects involved in the crime.
According to a statement issued by the PRO of PSPU, SP Eyitayo Johnson, reported that the Operatives recovers N28m from UBA Account that was used to carry out Business Email Compromise (BEC).
The statement further noted that on the Nov. 2, 2022, Justice Akintayo Aluko of the Federal High Court, Lagos, granted the prayers of ASP. Daniel Apochi, for the reversal of N28 million being part of N30 million transferred to UBA Account Number 1013160804.
The Account Holder, Diemo Dinolarge Onokpite, is the Managing Director of Dino-Large Limited and member of a Cyber/Advance Fee Fraud syndicate who hacked into the computers of a New-Generation Deposit Money Bank and successfully harvested customers’ data.
The harvested information was used to generate cloned e-mails through which fake instruction for the transfer of Twenty Million Naira to the account of Diemo Dinolarge was given.
Operatives of the Unit, while utilizing its existing synergy with the victims’ and suspects’ Banks; swiftly placed Post-No-Debit (PND) on the account while the Federal High Court was approached to reverse the money.
The sum of N2 million had been dissipated before the PND was emplaced while the remaining N28 million was recovered by the Order of the Court.
Diemo Dinolarge who acts as “Picker” for the syndicate was tracked and arrested as investigation continues to apprehend other members of his syndicate.