Operatives of the Economic and Financial Crime Commission, (EFCC) have smashed a syndicate of alleged frauders who specialises in credit card fraud.
The arrested suspects, Daniel C. Stephen, N Ezeani, Sonny Okwaraji, Syslvester E Otuwa and Jeff Ogbonna, alleged materterminded the theft of & 257,822.16 American Dollars from a new generation bank
The alleged fraudulent transaction was reported by the Bank through a petition alleging that the bank received a mail from VISA International on suspected to credit card transactions.
The EFCC in a swift action moved and arrested the five suspects at 7th Avenue FESTAC, Lagos.
They were arrested with several credit cards in their possession, which they use in loading money before transfers them to other banks.
Some of the suspects have useful statements while investigations continue.
They will be charged to court as soon as investigation are concluded.
