Economic and Financial Crimes Commission, EFCC has alerted the public that it prevented the act of mass stealing of depositors’ funds at Premium Trust Bank, PTBank after some of the bank staff conspired together with alleged intention to steal after allegedly agreeing with three other persons to manipulate the bank server and domain credentials to gain access to the bank customers’ savings data base, this, EFCC made known on Tuesday when the commission arraigned the suspects before a Federal High Court sitting in Lagos State for Cybercrime and conspiracy to steal.

Details of the report and the handing over of 753 units of houses recovered by the Commission at Plot 109 Cadastral Zone C09, Lokogoma District, Abuja suspected to be assets belonging to the embattled former Central Bank of Nigeria, CBN Governor, Godwin Emefiele to the Ministry of Housing and Urban Development as presented by the Public Relations Department of the Economic and Financial Crimes Commission, EFCC reads below:

EFCC Arraigns Bankers, Three Others for Alleged Cybercrime in Lagos

The Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, Awolowo on Tuesday, May 20, 2025, arraigned the duo of Kehinde Odeyemi and Matthew Adeniyi Damilola, who are both employees of Premium Trust Bank, before Justice Alexander Owoeye of the Federal High Court sitting in Ikoyi, Lagos.

They were arraigned alongside Samson Latshin Dakup, Bolaji Omotosho Yinka and Sunday Badeniyi Okunola on a seven-count charge bordering on conspiracy to steal.

The defendants allegedly conspired to manipulate the server and domain credentials of the bank in a bid to gain unauthorised access to its database and steal depositors’ funds.

The planned fraudulent activity was, however, averted by the Commission.

One of the counts reads: “That you, Kehinde Odeyemi, Samson Latshin Dakup, Bolaji Omotosho Yinka, Sunday Badeniyi Okunola, and Matthew Adeniyi Damilola, along with individuals identified as Humble (at large), Wasiu (at large), Isa Ismaila (at large) and another referred to as Victor Joshua Ilemona aka Oracle, (at large), conspired unlawfully between April and May 2025 in Lagos, within the jurisdiction of this Honourable Court, to manipulate the access code (this included the bank’s server IP and domain credentials) of Premium Trust Bank Limited in a bid to gain unauthorised access to the entire database of Premium Trust Bank Limited for the purpose of committing an offense to wit: stealing from the bank’s funds, and you thereby committed an offence contrary to Section 27 and 28 (1) (b) of the Cybercrimes (Prohibition, Prevention, Etc) Act, 2015 (as amended, 2024), which is punishable under Section 28 (2) of the same Act.”

They pleaded not guilty to the charges when they were read to them.

In view of their pleas, prosecution counsel, Zeenat B. Atiku, prayed for a trial date and the defendants’ remand in a Correctional Centre.

Counsel to the first defendant, Adeleke Adepoju, urged the court to admit his client to bail in the most liberal terms. He stated that he didn’t have enough time to make a formal application.

Other counsel also sought to make oral applications for their clients.

Justice Owoeye, however, refused the applications and ordered the counsel to make formal bail applications before the court.

The judge ordered the first defendant to be remanded at the Kirikiri Correctional Centre.

The second, third, fourth and fifth defendants were ordered remanded at the Ikoyi Correctional Centre.

The matter was adjourned till June 30, 2025 for commencement of trial.

EFCC Hands Over 753 Recovered Housing Units to Ministry of Housing

The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede on Tuesday, May 20, 2025 handed over 753 units of houses recovered by the Commission at Plot 109 Cadastral Zone C09, Lokogoma District, Abuja to the Ministry of Housing and Urban Development.

The property, measuring 150,500 square metres and containing 753 Units of duplexes and other apartments, was recovered based on a final forfeiture order granted by Justice Jude Onwuegbuzie of the Federal Capital Territory, FCT, High Court Abuja on Monday, December 2, 2024.

While handing over the property, Olukoyede reiterated the commitment of the EFCC to accountable asset recovery and disposal modalities, pointing out that such gestures are meant to “demonstrate to Nigerians that whatever proceeds of crime that we have recovered in the course of our work, the application of that will be made transparent to Nigerians so that we will not allow looted assets to be looted again”.

He also pointed out that “It is important for us to emphasize to Nigerians that the fight against corruption can work and we can really make it work and one of the key factors that actually propels the impact of the fight is the need for us to ensure that those who have stolen our commonwealth are not allowed to enjoy the proceeds of crime. So one of the critical factors of our works is that we deprive them of the proceeds of crimes”.

He applauded President Bola Ahmed Tinubu’s stance on the fight against corruption, affirming that the handover of the property signaled the government’s seriousness to the fight against economic and financial crimes and other acts of corruption.

The handover took place in a brief ceremony at the Ministry’s headquarters in Mabushi, Abuja. Minister of Housing and Urban Development, Ahmed Dangiwa, praised the EFCC for its sustained commitment to asset recovery and anti-corruption.

He further stated that the handover was a “significant milestone in our collective efforts and determination to ensure that recovered assets are put to productive use in ways that directly benefits the Nigerian people”.

Dangiwa assured that the Federal Ministry of Housing and Urban Development will conduct a joint familiarization tour of the estate, alongside the EFCC to properly access the structural state of the Estate.