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UNIJOS, University Of Jos Students Hacked Union Bank Database, Stole N2.05 Billion

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UNIJOS, University Of Jos Students Hacked Union Bank Database, Stole N2.05 Billion

unijos students hacked union bank database

Sept 17, 2013 – 2 UNIJOS Students Arrested For N2 Billion Fraud; University Of Jos Undergraduates Stole From Union Bank

University Of Jos Students Hacked Into Union Bank Computer Database, Steal N2.05 Billion

The Economic and Financial Crimes Commission has arrested two young men who claimed to be undergraduates of the University of Jos, Isaiah Friday and Azzaior Samuel, for an alleged N2.05bn fraud.

Two bureau de change operators, Salihu Mahmoud and Dan Ibrahim, were also arrested in connection with the alleged crime.

The suspects were also accused of being members of a syndicate that specialised in breaking into the computer data base of financial institutions to carry out dry posting of funds.

The Head, Media and Publicity, EFCC, Wilson Uwujaren, said the suspects were arrested in Lagos and Jos.

He said, “Their arrest comes on the heels of a petition which the commission received from Union Bank of Nigeria Plc, Marina, Lagos, in January 2013, alleging that a criminal attack had been launched on its data base known as ‘Flexcube’, by yet-to-be-identified criminals who falsified the bank records and accounts and created unjustified huge opening balances in several accounts across the bank’s branches. They subsequently transferred funds from those accounts to several accounts in other banks.

“The petition, which was signed by one A.F Olufade, Head of Fraud Investigation at the bank, said cash withdrawals and electronic transfers totalling N2.05bn was involved in the scam.”

It was learnt that EFCC initial investigation showed that Friday, who was carrying out computer system maintenance services for one of the Union Bank branches in Jos, Plateau State, on a part-time basis, paved the way for the fraudsters to penetrate the bank’s database.

Uwujaren said, “Friday was traced and arrested. His arrest led to the arrest of Azaaior Samuel.

“Investigations further revealed that Samuel introduced Friday to Mahmoud, who is the mastermind of the fraud with others now at large.

“Mahmoud and other collaborators told Friday that they needed access to the bank’s database in order to carry out some postings. They promised to give Friday N.5m if the deal succeeded.”

PUNCH Metro gathered that Friday agreed. On the day the crime was committed, he told people at the bank that Samuel was his colleague who had accompanied him to work.

It was learnt that after the gang had succeeded in gaining access to the bank’s premises, it carried out the postings to six different company accounts domiciled in Union Bank’s Marina branch in Lagos.

Uwujaren said, “The accounts are Gona Bureau De Change Limited, Jaxmine Bureau De Change Limited, Dan Kawu Bureau De Change Limited, Godswill Great Communications, ZHG Services Limited and A and B Console Limited. The postings were carried out and the syndicate thereafter went to the bank to withdraw all the funds. Friday was paid as promised and other syndicate members now at large shared the remaining balance.”

The EFCC spokesman added that the commission had been able to recover $2,129,900 and another N134,542, from the fraudsters.

He said, “Other items recovered are furniture worth N10m from Salihu Liman’s one bedroom apartment in Yaba, Lagos; four vehicles, landed properties in Kano and Kaduna and a four-bedroom duplex worth N45m in Lagos. Investigation into the scam continues.”

[Sources: Punch, EFCC]



  1. frustrated student

    September 17, 2013 at 9:43 PM

    Asuu strike side effect.. I’m tired of staying at homeoooooo

  2. New Day

    September 17, 2013 at 10:45 PM


  3. mrmusco

    September 17, 2013 at 11:14 PM

    lack of job is the cause of dis. Hmmmmmmmm.

  4. hassan labaran ahmad

    September 17, 2013 at 11:47 PM

    Honestly speaking asuu members and president jonathan goodluck have to sit and meditate about the solution

  5. red

    September 18, 2013 at 1:06 AM

    That’s good bye xmas for them and d car dealers,As for d babes that’s bad market.

  6. JAU05

    September 18, 2013 at 1:08 AM


  7. D Hunter

    September 18, 2013 at 3:31 AM

    Wow! Dis is Union plans dat rubbed Union Bank, equalls 2 Union crime. Well, 2 d guys involve, go spend ur loot in jail n b happy.

  8. tina

    September 18, 2013 at 6:58 AM

    Dose guys r genius vry simple they shuld serve their jail term and absorb dem into d system.naila students r great giving same opportunity as our conterparts we sure will surpass dem.@ new day good talk.

  9. bezo

    September 18, 2013 at 7:44 AM

    No time! They should be killed instantly! They are disgrace to a manhood

  10. pyrate

    September 18, 2013 at 8:10 AM

    If i have my way, i go do worse…And those guys na big fool…I do dat kind deal naim i never enter place like Cotonou? Dem nor get sense finish…

  11. Dead Country

    September 18, 2013 at 8:31 AM

    taking from our pub funds is what we are learning this days reading the news see million billion trillions, if them dey school they read dem go make such plans Good luck you have totally become bad-luck to our beloved country Nigeria

  12. Eric

    September 18, 2013 at 8:33 AM

    Kudos 2 d guys who r smart 2 escape nd 4 d ones arrested i suggest dey shud wrk 4 central bank tnk u.

  13. chinyere

    September 18, 2013 at 9:30 AM

    That is the evil effect of our bad leader. Jonathan goodluck , please settle lecturers so that student could go back to school to avoid more problems. You should rethink on the way you are ruling this country. The country center could no longer hold again. The whole world is seeing Nigeria as a hopeless and useless country yet you are not doing anything about it. People are dying everyday because of crisis in the country.Is there any hope to our future generation with the way things are going?.

    Your wife is busy preparing you for 2015 through her daily campaign and she is not seeing the handwriting of God on the wall. She gave testimony in her thanks giving that she died and resurrected like Lazarus in the bible and that God gave her a second chance to come back and work for him. Is she really working for God or devil.She should advice herself and her husband. The blood of innocent people that is dying every day in this country should be upon you and your husband for failure to do the right thing.

    • george

      October 10, 2013 at 10:45 AM

      what has the president and his wife got to do with this,these men should be used in this country,nothing should be done to them.they will work better for the country.they are heroes.they should join the efcc or should be used to catch the politicians that steals money.

  14. Buchi

    September 18, 2013 at 9:50 AM

    Just alittle tap on union banks volt and they are shouting…. Effcc come join them too… If na me i go join them pure champaign.

  15. BJ

    September 18, 2013 at 10:26 AM

    hw does all diz change d price of garri in d market??? Leave me jooooor

  16. Isaac godwin

    September 18, 2013 at 10:41 AM

    Hmm….niger guys in action!!

  17. Kabiru Bashir Muhammad

    September 18, 2013 at 2:02 PM

    Hmmmmm Nigeria guys in action!!!!!!!!!!!!!!

    • mrs ohio

      September 18, 2013 at 4:09 PM

      This is not an issue of being a niger, because cyber crime is all over the world , and it is the so called people that we think they are saint that trained us to do all sort of crime

  18. aniara

    September 18, 2013 at 4:30 PM

    Union Bank, and other Nigerian banks need stronger security. It’s a horrible thing for customers to know that their personal data is not safe.

    These kinds of hacking are often inside jobs. A bank employee shares access info or creates a backdoor, which is then used to break in by an outsider.

    So bank security cannot be just about tightening the software/hardware, but also about stringent scrutiny of bank staff.

  19. Alex

    September 18, 2013 at 5:18 PM

    They should leave those guy please, bekuz of what the happened in nija now, is froud business, last year they convincing people about the fuel subsidy plan that so good, now the benefit belong to the top officials, the share billions of naira everyday & the poor remain poor & the rich remain rich, those guy caught froud in unijos should not be blame,

  20. Alexsuccess1

    September 18, 2013 at 5:29 PM

    Nigeria government should create job 4 the youth in other not to involved such crime, i don’t blame those guy though they kill them, i only blamed Nigeria government, “if person did not hungry he won’t practice longer” my greeting to good people in 9ja!!

  21. ecame uj

    September 19, 2013 at 2:49 PM

    d did of dis student should not b ova emphasis. But wat of our leaders hu loot billions of dollas and notin is bin heard of dem we all knw dat a lion can not give birth 2 a goat, efcc should check our leaders and den check dis guys, or is it bcoz dey did not steal wit biro? It is bad

  22. Hajiii

    September 20, 2013 at 3:29 AM

    They shu be kill instantly, becos they not a good citizen of Nigeria

  23. yupi

    March 6, 2016 at 6:22 AM

    i rather die broke… #pple can do anything for the money

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