Globus Bank Ex-Staffers In Alleged Multi-Billion Fraud Scandal

Three former employees of Globus Bank have been accused of hacking into the bank’s systems and stealing a staggering N3.5 billion.

The Economic and Financial Crimes Commission (EFCC) has frozen accounts linked to the suspects and launched a full-scale investigation into the fraud.

According to court documents, the former staffers – Babatunde Idris Olayiwola, Chinedu Ihuma, and Igwe George Benedict Obinna – used their knowledge of the bank’s ICT systems to carry out the fraud. Olayiwola, an ICT expert, created the software platforms used by the bank, while Ihuma and Obinna oversaw the ICT software operational platforms.

The EFCC’s investigation revealed that the suspects used Obinna’s login details to transfer the funds into various accounts linked to Haril Global Solutions Ltd and other affiliated accounts across different banks.

The commission’s Litigation Clerk, Samson Oloje, stated in an affidavit that the suspects’ actions were a clear violation of the bank’s security systems.

The EFCC’s investigation was launched after Globus Bank raised the alarm in 2023, suspecting that some of its former ICT department staffers had hacked into the bank’s systems.

The bank approached a court in Lagos for freezing orders on the accounts associated with the suspects and reported the case to the EFCC.

The EFCC’s investigation found that the suspects had transferred over N3.5 billion into various accounts, with approximately N1.2 billion held in Fidelity Bank, GT Bank, Access Bank, and Wema Bank.

The accounts frozen belong to Haril Global Solutions Ltd, Abdullahi Abubakar Sadiq, Onobun Oluwaseun Olumide, and Oluwaseun Adeniyi Afolabi.

The EFCC’s investigation is ongoing, with the commission working to determine the extent of the fraud and identify all those involved.

The suspects have filed a case against the EFCC and Globus Bank at the High Court of Justice in Abuja, seeking to overturn the legal actions taken against them.

For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook