Four Nigerian Students Arrested For Allegedly Hacking Philippine Bank’s System

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Four Nigerians in Muntinlupa City, Philippine have been arrested for alleged involvement in an international syndicate that hacks and siphons funds from banks .

However , the Nigerians denied the allegations .

The National Bureau of Investigation made this known in a statement on Tuesday , ABS CBN News reports .

The statement was signed by NBI ’s Cybercrime Division chief, Vic Lorenzo.

The investigative bureau claimed that “the fraudsters ’ – Nigerians – transactions were traced when they hacked a system of one Philippine bank , where at least P 100 million were transferred and funneled into a different account ”.

It alleged that the Nigerians violated the Access Device Law , Anti -Cybercrime law , and falsification of public documents .

But the NBI in the statement failed to name the arrested Nigerians .

The statement read , “The international syndicate is complicated. . to the point that they study the system ’s flaws . Once they see a weakness, they will take advantage of that.

“One of the suspects ’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amounting to at least P 2 million , which was supposedly for tuition .

“Blank ATM cards and bank receipts were confiscated from the suspects .”
While denying the allegation , the Nigerians told ABS CBN that they were in the country to study , and they “know nothing about the hacking incident ”.

“The funds withdrawn were donations from a Nigerian student community ,” one of them said .

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