The Police Special Fraud Unit (PSFU), Ikoyi, Lagos, has arraigned two brothers, Destiny Ogechukwu Oliseyenum (23) and Wisdom Ebube Oliseyenum (21), alongside two others, Ewomazino Enefure Edhugo (21) and Miracle Chukwunomsue (20), for allegedly hacking into a company’s server and fraudulently withdrawing N126.7 million.
The four young men were brought before Justice Akintayo Aluko of the Federal High Court, Lagos, on a three-count charge bordering on conspiracy, impersonation, and cyber fraud, contrary to the Cyber Crimes (Prohibition, Prevention, etc.) Act, 2015, as amended in 2024, and the Money Laundering (Prevention and Prohibition) Act, 2022.
According to the charge sheet, the accused persons and others still at large, between July and August 2025, conspired to infiltrate the server of DD Affiance Project Limited, operators of the LOHLI Platform, and illegally diverted the funds into their personal accounts.
During the arraignment, CSP Justine Enang, the police prosecutor, told the court that the defendants fraudulently inserted their Bank Verification Numbers (BVNs) and account details into the company’s system, which they used to siphon the funds from its vault.
Enang stated that the defendants impersonated unsuspecting customers and colluded with third-party tools and applications to gain unauthorised access to the platform, thereby inflicting substantial financial loss on the firm.
The prosecutor added that their actions violated Sections 27(1)(b) and 14(1) of the Cyber Crimes Act, punishable under the same section, and Section 18(2)(b)(d) of the Money Laundering Act, punishable under Section 18(3) of the same law.
When the charges were read, the defendants pleaded not guilty.
Following their plea, CSP Enang applied for a trial date and urged the court to remand the defendants to a correctional facility pending the hearing of the case.
The defendants’ counsel, however, prayed the court for a short adjournment to enable him to file formal bail applications on their behalf.
After listening to both parties, Justice Aluko adjourned the case to January 15, 2026, for trial, and ordered that the defendants be remanded at the Nigerian Correctional Service (NCoS) facility pending determination of their bail.
Part of the charge reads: “That you, Destiny Ogechukwu Oliseyenum ‘m’, Wisdom Ebube Oliseyenum ‘m’, Ewomazino Enefure Edhugo ‘m’, Miracle Chukwunomsue ‘m’, and others now at large, between July and August 2025, in Lagos State, with intent to defraud, did conspire amongst yourselves to commit internet fraud to the tune of N126,750,000.00, thereby committing an offence contrary to Section 27(1)(b) of the Cyber Crimes (Prohibition, Prevention, etc.) Act, 2015 as amended in 2024.”
The prosecution further alleged that the defendants knowingly and without authority caused financial loss to DD Affiance Project Limited by impersonating unsuspecting customers, fraudulently using their BVNs and bank account details to divert funds meant for other subscribers into their own wallets.
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