PSFU Cracks N3bn Cyber Theft Syndicate, Arrests Suspect

Operatives of the Police Special Fraud Unit in Ikoyi, Lagos, have uncovered a syndicate that stole over N3 billion from a financial institution. Authorities say the suspects used Point of Sale terminals and other tech tools to breach the bank’s database and initiate fraudulent transactions. One member has been arrested, while detectives pursue fleeing accomplices. Investigators used digital forensics and financial analysis to trace the stolen funds and gather evidence for prosecution. The PSFU commissioner has commended the team’s professionalism and urged detectives to intensify efforts until all involved face justice.

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