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    Your email address will not be published.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

    Traditional Priest Dies After Allegedly Setting Self On Fire In Ogun State

    • By admin
    • July 4, 2026
    • 2 views
    Traditional Priest Dies After Allegedly Setting Self On Fire In Ogun State

    Atiku asks EFCC, ICPC to probe IMF’s claim of Nigeria spending ‘N8.8trn’ off-budget

    • By admin
    • July 4, 2026
    • 2 views
    Atiku asks EFCC, ICPC to probe IMF’s claim of Nigeria spending ‘N8.8trn’ off-budget

    Mali Hit By New Wave Of Coordinated Attacks

    • By admin
    • July 4, 2026
    • 4 views
    Mali Hit By New Wave Of Coordinated Attacks

    PFIPC scandal is pure scam— Presidency

    • By admin
    • July 4, 2026
    • 4 views
    PFIPC scandal is pure scam— Presidency

    South Africa rejects Nigeria’s compensation demand over xenophobic attacks

    • By admin
    • July 4, 2026
    • 5 views
    South Africa rejects Nigeria’s compensation demand over xenophobic attacks

    Investigator demands trial of Buhari, Mustapha over alleged $6.2m fraud

    • By admin
    • July 4, 2026
    • 17 views
    Investigator demands trial of Buhari, Mustapha over alleged $6.2m fraud