LAGOS — The Economic and Financial Crimes Commission (EFCC) has arraigned two bankers alongside three other individuals before a Federal High Court in Lagos over alleged involvement in cybercrime-related offenses.
The suspects, whose names were withheld pending court proceedings, were brought before Justice I.O. Ijelu on multiple charges bordering on conspiracy, unauthorized access to computer systems, and diversion of funds amounting to over ₦2.4 million.
According to the EFCC, the defendants allegedly used their privileged access to banking infrastructure to facilitate unauthorized electronic transfers, in breach of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015.
During the arraignment on Monday, prosecution counsel informed the court that investigations revealed a coordinated cyber fraud scheme involving internal staff of a commercial bank who provided confidential information to external collaborators.
The accused pleaded not guilty to the charges. The prosecution requested a trial date and urged the court to remand the suspects in EFCC custody pending the determination of their bail applications.
Justice Ijelu granted the request and adjourned the case to June 17, 2025, for hearing. The judge also directed the defense counsel to file formal bail applications before the next sitting.
The EFCC reiterated its commitment to sanitizing the banking sector and warned financial institutions to tighten internal controls to prevent insider-driven cyberattacks.
