Apprehension as Hackers Compromise Polaris Bank Application

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By Modupe Gbadeyanka

Some customers of Polaris Bank (formerly Skye Bank Plc) are getting agitated following a recent report that some persons broke into a banking application of the company to tamper with a customer’s account.

This is now raising questions about the safety of their deposits with the financial institution.

Recall that recently, a hacker said most banks operating in Nigeria were prone to hacking because their systems are not too secured.

In the latest development, some young men allegedly hacked into Polaris Bank’s application and fraudulently increased the N781,000 in one of the customer’s bank account to N466 million.

It was gathered that the hackers, five in numbers, carried out the nefarious act last year in Kaduna State, but the long hands of the law has finally caught up with them.

On January 16, 2019, the Economic and Financial Crimes Commission (EFCC) arraigned the suspects before Justice Mohammed Tukur of a Kaduna State High Court.

The accused persons; Bashir Abdullahi Mohammed, Oche Ogenyi, Adefila Taofile Kayode, Rabiu Aliko Lawal and Mmadu Mathew were charged on a two-count charge bordering on conspiracy and stealing to the tune of N466 million.

“That you Bashir Abdullahi Mohammed, Oche Ogenyi, Adefila Taofile Kayode, Rabiu Aliko Lawal, Mmadu Mathew Onyekachi, and others now at large, sometime in 2018 in Kaduna within the judicial Division of the High Court, did conspire amongst yourselves to commit theft of the sum of N466 million and you thereby committed an offence contrary to 58(1) of the Penal Code Law Kaduna State 2017 and punishable under Section 59(1) of the same Law,” one of the counts read.

However, when the charges were read to them, they pleaded “not guilty” and the prosecuting counsel, Onyeka Ekweozor, thereafter asked the court to fix a date for “commencement of trial”, and asked that they be remanded in EFCC custody.

“The defendants have separate charges before a Federal High Court pending arraignment, and remanding them in prison custody will make it difficult for the prosecution to arraign them,” he said.

Counsel for the first defendant, A. Ashat, in his oral bail application urged the court to grant his client bail, arguing that he will not jump bail.

Sylvester Ogbelu, Defence counsel for the second and fourth defendants, also moved the bail application for them, and urged the Court to grant them bail on “liberal terms”, as they had no criminal record.

Ekweozor, however, opposed the bail application arguing that there were no fix addresses, and “some of them were arrested in hotels, some at the airport; granting them bail will jeopardise our attempt to arrest others at large and will even interfere with witnesses on the matter”.

“We urged my lord to reject their bail,” Ekweozor said. Justice Tukur, afterwards, ordered that they be remanded in EFCC custody pending the determination of the bail applications, and adjourned to January 21, 2019.

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