• About Us
    • Àtẹ́lẹwọ́ Podcast
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News Crime

EFCC bank hacking trial exposes Premium Trust cyber breach attempt in Lagos

Peculiar Adirika by Peculiar Adirika
July 1, 2025
in Crime
0
EFCC bank hacking trial
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0

EFCC bank hacking trial opens in Lagos as two bank staff and others face charges for cybercrime plot targeting Premium Trust Bank servers

EFCC bank hacking trial began in Lagos on June 24 as five suspects, including two employees of Premium Trust Bank, faced prosecution for allegedly conspiring to compromise the bank’s internal server systems and steal customers’ funds.

Also read: EFCC arraigns three bankers, four accomplices over alleged N8.5bn fraud in Lagos

The Federal High Court in Lagos heard damning testimony about a failed bribery attempt and a sophisticated cyber intrusion plan.

Key prosecution witness Mr. Ajayi Michael Folaseye, an IT staffer at the bank, testified that his colleague Kehinde Odeyemi, an internal auditor, offered him a $7,000 bribe to gain access to a sensitive IP address linked to the bank’s internal systems.

“She asked for a backdoor into the system,” Ajayi told the court presided over by Justice Alexander Owoeye. “I refused and reported the incident to our Head of IT.”

Ajayi recounted that Odeyemi first offered $5,000 before raising it to $7,000 when he resisted. She reportedly asked him to keep silent and even threatened to resign.

His swift internal report triggered an emergency management meeting and eventually led to an EFCC investigation.

“The IP she wanted would have granted access to customer data and operational systems. If exploited, it could have caused a major breach,” Ajayi said.

The EFCC, led by Senior Advocate of Nigeria Rotimi Oyedepo, with Bilkisu Buhari and Hannatu Kofaransa, tendered Ajayi’s written statement.

Despite defence objections over its legibility, Justice Owoeye admitted it into evidence, stating that the concerns would be addressed during cross-examination.

The accused include Odeyemi, another bank staff Matthew Adeniyi Damilola, and three external collaborators: Samson Latshin Dakup, Bolaji Omotosho Yinka, and Sunday Badeniyi Okunola.

They are standing trial on a seven-count charge covering conspiracy to commit cybercrime and theft. Several other suspects, such as one Victor Joshua Ilemona (aka Oracle), remain at large.

According to the charge, the group planned to alter domain credentials and manipulate Premium Trust Bank’s server between April and May 2025.

The EFCC alleges the aim was to illegally siphon funds from customer accounts, violating the Cybercrimes (Prohibition, Prevention, Etc.) Act, 2015, as amended in 2024.

In court, defence counsel sought an adjournment, citing incomplete access to materials and unclear proof of evidence.

The prosecution opposed the request, arguing that materials were delivered since June 19. Justice Owoeye overruled the objection and allowed the trial to proceed, setting July 18 for continuation.

The EFCC bank hacking trial has since sparked nationwide discussion about insider threats in Nigeria’s banking sector.

Financial analysts have flagged the case as a wake-up call for tighter cybersecurity measures and ethical screening within financial institutions.

“This is not just a crime of opportunity,” said a financial sector expert in Lagos, “but a test of how well our systems can withstand internal betrayal. It’s clear we need more than just firewalls; we need rigorous personnel protocols.”

The trial continues amid growing calls from stakeholders for more robust regulatory enforcement and whistleblower protections within banks.

Also read: EFCC arraigns three for allegedly defrauding Access Bank of N3.5bn

For now, the court will decide whether the evidence proves an orchestrated attempt to cripple a financial institution from within.

Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Peculiar Adirika
Peculiar Adirika

Discover more from Freelanews

Subscribe to get the latest posts sent to your email.

Related Posts

POLICE PS L 1 scaled
Crime

‘Unlawfully arrested’ Police smash seven-man robbery syndicate in Ogun

by Freelanews
January 18, 2022
Photo: Some police officers conducting an investigation. Source; FILE
Crime

Edo Police declares 22-yr-old man, others wanted after escaping arrest during raid on gay wedding in Delta

by Freelanews
September 5, 2023
ARRESTED PS
Crime

‘They always come to pass’ Man murders friend over claims he saw him having sex with his wife in dream

by Freelanews
October 14, 2021
Ekiti State tourism policy Ekiti electricity cable theft
Crime

Emure in darkness, yet sacrificed youths and students reject government’s exploitation

by Rtn. Victor Ojelabi
June 23, 2025
WhatsApp Image 2020 12 10 at 08.41.50
Crime

‘Interesting’ Hoodlums burgle Ogun Assembly, cart away mace

by Rtn. Victor Ojelabi
December 10, 2020

Discussion about this post

ADVERTISEMENT

Recent News

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025

Search

  • Trending
  • Comments
  • Latest
Political persecution in Ogun State

Political persecution in Ogun State: Abiodun moves against Otunba Gbenga Daniel with demolition threats again

August 9, 2025
Abdul-Muiz Olanrewaju Animashaun

Abdul-Muiz Olanrewaju Animashaun remembered with love

September 14, 2025
Taylor Swift deepfake scandal

Taylor Swift faces deepfake scandal as Swifties call for stricter regulation

January 25, 2024
April Wind Couture

April Wind Couture thrives in Nigeria’s tough economy with bold Ankara vision

September 12, 2025
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

0
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

0
Meran Primary Health Centre

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

0
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

0
Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
CBN monetary stability

CBN assures Nigerians of monetary stability progress

October 8, 2025
Uche Nnaji resignation

BREAKING! Tinubu’s Minister, Uche Nnaji resigns over certificate forgery allegations

October 7, 2025
October 2025
MTWTFSS
 12345
6789101112
13141516171819
20212223242526
2728293031 
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Follow Us

  • Facebook
  • TikTok
  • YouTube
  • Instagram

Editor’s Pick

  • OGD vs DA
    OGD vs DA: The real story never told
    • August 22, 2025
  • Toyota Sienna harassment
    Why is Lagos State govt harassing Toyota Sienna users?
    • August 19, 2025
  • Otunba Gbenga Daniel
    Who really is Otunba Gbenga Daniel?
    • August 18, 2025

Hot!

Rotary Club cataract surgery

Rotary Club cataract surgery transforms 30,000 lives

October 8, 2025
Ikechukwu N arrest

Ikechukwu N arrest shocks Argentina after INTERPOL raid

October 8, 2025
No Result
View All Result
  • About Us
  • Contact
  • Advertisement
  • Sitemap

© 2025 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Total
0
Share
0
0
0
0
0
0
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2025 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Discover more from Freelanews

Subscribe now to keep reading and get access to the full archive.

Continue reading