Court jails hacker for defrauding bank $70,000

A Federal High Court sitting in Port Harcourt, Rivers has convicted and sentenced a hacker, Eric Obulo, to one-year imprisonment for hacking the database of a popular commercial bank in and stealing $70,000 about N26.9m.

The Court presided over by Justice I. M. Sani, convicted Obulo following his arraignment by the Port Harcourt Zonal Office of the Economic and Financial Crimes Commission (EFCC).

A statement by the EFCC Head, Media, and Publicity, Wilson Uwujaren, said the court also gave the victim an option of an N5million fine.

The convict was arraigned on one count of unlawful interception by technical means the database of the bank and in the process defrauding the bank of $70,000.

The statement said the crime was committed in Port Harcourt in July 2019 adding that Obulo pleaded guilty when the charge was read to him.

  • Related Posts

    N1.3bn fraud: Police to arraign Obanikoro’s son, others Feb 27

    The Federal High Court in Lagos on Friday fixed February 27, 2025, for the arraignment of Gbolahan Obanikoro, the son of Senator Musiliu Obanikoro, and four others for alleged N1,356,057,330.43…

    ALERT: SEC warns against patronising investment schemes from Risevest, Stecs cooperative societies

    The Securities and Exchange Commission (SEC) has warned Nigerians against engaging in any investment-related transactions with two investment platforms. The platforms are Risevest Cooperative Multipurpose Society Limited and Stecs Multipurpose…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death Row

    • By admin
    • August 31, 2026
    • 6 views
    Ogun prison: Mother nabbed trying to ‘sneak in drug’ for son on Death Row

    EFCC dismissed over 40 staff for corruption, financial malpractice in three years — Chairman

    • By admin
    • August 31, 2026
    • 6 views
    EFCC dismissed over 40 staff for corruption, financial malpractice in three years — Chairman

    EXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APC

    • By admin
    • August 31, 2026
    • 8 views
    EXTRA: Borno Commissioner threatens to cut off fingers of those who vote against APC

    EFCC recovers N1.23tn, $684m in 32 months – Olukoyede

    • By admin
    • August 31, 2026
    • 13 views
    EFCC recovers N1.23tn, $684m in 32 months – Olukoyede

    Crude Prices Rise Above $90 Per Barrel On US-Iran Strikes

    • By admin
    • August 31, 2026
    • 6 views
    Crude Prices Rise Above $90 Per Barrel On US-Iran Strikes

    Court remands Brazil-based Nigerian businessman over ‘importation of cocaine’

    • By admin
    • August 31, 2026
    • 7 views
    Court remands Brazil-based Nigerian businessman over ‘importation of cocaine’