POS Platform Hacked, N16m Stolen

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The Point of Sale (POS) platform was hacked by three individuals, according to the Nigeria Police Force (NPF), who stole N16 million in Oyo state.

The development was revealed in a statement released on Tuesday by the Nigeria Police Force (NPF) spokesperson, Olumuyiwa Adejobi.

Sanmi Ayodeji, 29, Felix Oluwaseun, 24, and Adeleye Oluwaseun, 34, were named as the suspects. It was claimed that they signed up for a POS platform called Tmoni Technologies Company using their bank verification numbers (BVN) as well as those of their friends and family members without their permission.

Screenshot 20221206 223042 POS Platform Hacked, N16m Stolen

Bypassing the company's network security system, they allegedly opened legitimate wallet accounts with Tmoni, transferred N16,149,195 fraudulently from the Tmoni platform to various online accounts, and then made withdrawals from those accounts.

Upon their arrest, the suspects were found in possession of several mobile phones, POS machines, SIM cards, Automated Teller Machine (ATM) Cards, and one Toyota Matrix car with registration no. KUJ 548 CN which they confessed was bought with proceeds of the crime,” the statement reads.

Screenshot 20221206 223028 POS Platform Hacked, N16m Stolen

“The Inspector-General of Police, while calling on users of online banking platforms to be vigilant with regard to their personal information, urges all citizens and residents in the country, as stakeholders in ensuring maximum security, to report all suspicious cyber activities via 09168343711, [email protected] or on the NPF Cybercrime Reporting Portal – https://incb.npf.gov.ng/.

Screenshot 20221206 223055 POS Platform Hacked, N16m Stolen
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