67-year-old Nigerian woman steals N16.2m after hacking bank account

A 67-year-old Nigerian woman identified as Wuraola Folashade Oluloye, has been arrested after she hacked a bank account and made away with N16.2 million. 

Oluloye has been arraigned at an Igbosere Magistrates’ Court, Lagos on five counts of fraud and fraudulent diversion, according to a charge marked B/33/2019.

She however pleaded not guilty, the Nation reports.

The defendant had committed the alleged offences between last October 16 and December 31, at First Bank’s Agidingbi Branch, Lagos.


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Oluloye had allegedly hacked the account of a First Bank customer, Emefiele Ogbor, with account No 3014419974.

She withdrew N16,200,000 and transferred it to her accounts in Stanbic IBTC, Union, Sterling and First bank.

The defendant subsequently withdrew the money from the four accounts and converted it to her use.

Oluloye met her Waterloo when she came into the bank to make withdrawals from her account which had been blocked by First Bank who discovered the fraud during an audit. Unknown to her, the police were waiting and she was arrested.

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