James Nwagalezi, a 28-year-old suspected fraudster, was yesterday, arraigned before a Lagos Magistrate’s Court for allegedly conniving with Okoli Nmesoma, already facing trial, to hack into the mobile app account of Eco Bank Plc and unlawfully withdrawing the sum of N207 million.
Nwagalezi is currently facing a four-count charge bordering on felony, unlawfully hacking into bank account and stealing, preferred against him by the Police.
Inspector Jimoh Joseph, the Police prosecutor, told the court that the defendant and others still at large committed the offence on April 27 at Igboelerin, Okokomaiko, Ojo, Lagos.
He added that the management of the bank at its headquarters in Lagos reported the fraud to the Divisional Police Officer, DPO, in charge of Ikoyi Division, SP Tijani Mustapha, who directed a crack team led by Inspector Tope Ijatuyi to fish out the suspects.
He stated that, “Nwagalezi was arrested after several months of manhunt. His arrest brings the number of suspects arrested and charged to court to six. The Police are still hunting for more suspects involved in the alleged fraud.”
According to the prosecutor, the offences are punishable under Sections 411, 387, 287 and 325 of the Criminal Laws of Lagos State, 2015.
However, Nwagalezi pleaded not guilty to the charge.
Magistrate B. I. Bakare granted him N1 million bail, with two sureties in like sum, one of whom must be a community leader.
The case is adjourned till July 4 and ordered that the defendant be remanded at the Ikoyi Prison, pending when he is able to perfect his bail conditions.