By Matthew Johnson
The Police Special Fraud Unit, PSFU, Ikoyi, Lagos, has arrested a suspected member of a cybercrime syndicate, identified as Adeleke Hafees, over his alleged involvement in a cyber fraud estimated at more than N3 billion.
In a release on July 10, 2026 by the Police Public Relation Office,PPRO , Deputy Superintendent of Police , DSP Ovie Ewhubare said the suspect was apprehended following an extensive investigation into a sophisticated cyber intrusion in which members of the syndicate allegedly deployed Point of Sale, POS, terminals and other technological tools to gain unauthorised access to the database of a financial institution.
According to the Unit, the security breach enabled the suspects to initiate fraudulent transactions running into billions of naira.
Investigations further revealed that proceeds of the alleged fraud were swiftly laundered through multiple bank accounts in a bid to conceal the source and movement of the funds.
The police disclosed that detectives employed advanced digital forensic techniques and financial analysis to trace the illicit transactions, identify members of the syndicate and recover critical evidence expected to aid the prosecution of those involved.
Commending the investigating team, the Commissioner of Police, Police Special Fraud Unit, CP Eloho Edwin Okpoiakpo, praised the officers for their professionalism in unraveling the case.
He, however, directed the team to intensify efforts to track down other members of the syndicate who remain at large, assuring that the police would leave no stone unturned in ensuring all those connected with the alleged fraud are brought to justice.