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Police in Kampala have arrested 2 Nigerian nationals and two Ugandans over electronic fraud. Courtesy Photo.

Two Nigerian Nationals Arrested in Kampala over Electronic Fraud

The two Nigerians identified as Abdu Aziz Ganiu, Ayorinde Steve Akincadi approached two Ugandan timber store workers named Sseguya Gibb and Kabuye Twaha in Natete, initiated them into a business deal of infiltrating into Bank of Africa (Natete Branch) network. The only key to the network was to get a connection with an insider so that they would install gadgets and a customized malware with ease.
posted onDecember 21, 2017
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By Kampala Post Reporter

Police in Kampala have launched at least 5 Cybercrime raids in divisions of Old Kampala, Katwe and CPS which resulted in the arrest of 2 Nigerian nationals and two Ugandans on suspicion of electronic fraud.

The two Nigerians identified as Abdu Aziz Ganiu, Ayorinde Steve Akincadi approached two Ugandan timber store workers named Sseguya Gibb and Kabuye Twaha in Natete, initiated them into a business deal of infiltrating into Bank of Africa (Natete Branch) network. The only key to the network was to get a connection with an insider so that they would install gadgets and a customized malware with ease. The potential bank employee was identified, offered promises of a juicy pay back after a successful mission.

On the d-day, the loyal banker couldn't stomach the financial havoc that would befall the bank. He therefore opened up to the bank management who in turn approached the area police.

According to OC Natete ASP. Muhammad Byansi, as soon as police received intelligence, they began trailing them and subsequently arrested them.

“We will continue to work with financial organizations to pursue and disrupt the major crime groups targeting Natete, but also crucially make Kampala as difficult as possible a target for cyber criminals," ASP. Muhammad Byansi said.

Several blue chip banks, parastatals are some of the institutions that have been penetrated by an international cyber crime syndicate taking off with hundreds of millions of money. Working with bank insiders, these crooks have formed an international band that installs malware into the systems allowing them to take control of the institution's computers stealing millions of money.

A malware is a software that disables systems to enable hacking and transfer of money without detection.

The hacking criminals conspire with employees of the targeted institutions who in turn provide them with access to the networks remotely using Remote Access Tools. These same groups use software back doors that allow them to illegally access the accounts and siphon money from unsuspecting banks.

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