In a recent crackdown on financial crime, the Benin Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has apprehended a suspected fraudster, Olawole Sunday, for allegedly purchasing bank account details to scam unsuspecting victims.
The arrest was made public on April 7, 2025. Sunday reportedly operated by enticing young individuals to open multiple bank accounts, offering them payments of either N25,000 or N50,000 per account in exchange for their banking information, including ATM cards. Authorities claim that Sunday used these illicitly obtained details to perpetrate fraud against the public.
The suspect came under scrutiny after allegedly utilizing the account of Uyi Godstime Eghosa to swindle a petitioner out of N2 million through a fraudulent forex trading scheme. Eghosa, who was also detained, claimed ignorance of his account’s misuse and revealed that he had sold his account details and ATM card to Sunday for N25,000. This revelation ultimately led investigators to Sunday.
Following his arrest, Sunday confessed to the fraudulent activities. The EFCC has stated that he will face court proceedings once their investigation concludes.