Philippine Arrested 4 Nigerian students for ‘hacking’ the banking system

Philippine Arrested 4 Nigerian studentsi for ‘hacking’ the banking system

Philippine arrested Four Nigerians in Muntinlupa City, for alleged involvement in an international syndicate that hacks and siphons funds from banks.

However, the Nigerians denied the allegations.

The National Bureau of Investigation made this known in a statement on Tuesday, ABC CBN News reports.

Vic Lorenzo, the chief of the NBI Cybercrime Division, signed the document, written in Phillwas.

The investigative office reported that “the transactions of the fraudsters-Nigerians-were traced when they hacked a system of one Philippine bank in which at least P100 million was transferred and funneled into another account.”

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It alleged that the Nigerians violated the Access Device Law, Anti-Cybercrime law, and falsification of public documents.

But the NBI in the statement failed to name the arrested Nigerians.

The sentence read, “Complicated is the international trade union .. To the extent that they are researching the defects in the method. Once they see a weakness, they will take advantage of that.

“One of the suspects’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amounting to at least P2 million, which was supposedly for tuition.

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“The offenders had blank ATM cards and bank receipts seized.”

The Nigerians told ABC CBN that they were in the country to study. And they “know nothing about the hacking incident”.

“The funds withdrawn were donations from a Nigerian student community”, one of them said.


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