Nigerians lose N1.1 billion as fraudsters hack Moniepoint payment platform
Scores of Nigerians have been robbed of N1.1 billion as hacker Sunday Ozimede allegedly broke into the Moniepoint payment system through a dark web operation.
Justin Enang, the prosecutor of the Lagos Police Special Fraud Unit (PSFU), said this while announcing Mr Sunday’s arraignment on Friday.
Mr Enang said Mr Ozimede was arraigned in the Lagos Division of the Federal High Court on charges bordering on conspiracy and obtaining N945,728,076 million by false pretence.
Mr Ozimede was accused of planting a bug in Moniepoint’s data system, causing financial loss to the microfinance bank to the tune of N145 million.
According to the prosecutor, Mr Ozimede acted contrary to section 27 (i)(b); 14 of the Cyber Crimes (Prohibition, Prevention, etc) Act, 2015, as Amended in 2024, along with section 14 (1) of the same Act.
“His act contravened section 18(2) (b) and (d) and punishable under section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022,” Mr Enang told the court.
However, the defendant denied the allegations and pleaded not guilty to the charges against him.
After hearing from both parties, Justice Ambrose Lewis-Allagoa admitted N50 million bail to the defendant, with one landed property owner as a surety.
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
States
Ondo govt warns road users against traffic violations
The Ondo State government has said it will intensify enforcement of traffic regulations to curb violations by road users.
States
NASIEC fixes October 15 for councillorship bye-election in Nasarawa
The Nasarawa State Independent Electoral Commission (NASIEC) has fixed October 15 for a councillorship bye-election in Katakpa Ward.
Heading 2
Poco Lee’s UK pre-trial fixed for February 2027
The alleged offences were said to have occurred in Tower Hamlets, east London, on July 23, 2026.
Heading 5
U.S. confirms weapons deployed in space to counter threats
“It is critically important that we maintain our dominance not only in the air but in space,” U.S. Secretary of the Air Force Troy Meink said.
States
Nasarawa govt seeks media support for Gov. Sule’s completed projects
Mr Aboki called for issue-based campaigns.
NationWide
NOTAP committed to driving economic growth, national development, says DG
Ms Amadiobi called for sustained government commitment through adequate funding.
