EFCC Drags Ecobank Staff To Court Over Shocking ₦2.4 Million Cyber Fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned Solomon Stephen Ufayo, an employee of Ecobank Plc, on charges related to cybercrime involving ₦2,404,000 (Two Million, Four Hundred and Four Thousand Naira).

Ufayo appeared before Justice Yellim Bogoro at the Federal High Court in Ikoyi, Lagos, on a one-count charge of cyber fraud.

According to the charge, Ufayo, while working as a Relief Teller at Ecobank between March 10 and 28, 2025, fraudulently impersonated a customer, Ogunfodunrin Omowunmi Ajoke. He allegedly posted fake deposit and withdrawal transactions on her Ecobank account (number 2801086259) in a bid to unlawfully benefit himself—an offence in violation of Section 22(2)(b)(i) of the Cybercrime (Prohibition and Prevention) Act, 2015, and punishable under Section 22(2)(b) of the same law.

The accused pleaded guilty when the charge was read to him.

Following his plea, the prosecuting counsel, Abdulhamid L. Tukur, called EFCC operative David Ngale Gajere to present the facts of the case. Gajere testified that Ufayo had impersonated the bank customer and carried out unauthorized transactions, moving ₦2,404,000 into his own Opay account using falsified withdrawal slips.

He also confirmed that the defendant submitted a voluntary statement and made restitution by issuing a bank draft of ₦2,404,000 to the petitioner. The EFCC presented copies of the statement, bank slips, and the certified true copy of the restitution draft as evidence, all of which were admitted by the court.

Justice Bogoro adjourned the case to June 6, 2025, for sentencing and ordered that the defendant be remanded at the Ikoyi Correctional Centre in the meantime.