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VIDEO: How 17-Year-Old Boy Hacked EFCC Chairman’s BVN And Bank Account Details

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VIDEO: How 17-Year-Old Boy Hacked EFCC Chairman’s BVN And Bank Account Details—-The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has shared his startling encounter with a 17-year-old hacker.

In a discussion with editors at the EFCC Headquarters in Jabi, Abuja, last Tuesday, Olukoyede narrated how the boy hacked his personal computer and bank account while under interrogation at his Lagos office.

The EFCC chairman recounted how he had invited the 17-year-old, a History and Anthropology student in his second year, for questioning at his office.

To his amazement, the young hacker effortlessly breached the security of his locked computer and accessed sensitive information, including his bank verification number (BVN) and account details.

He said, “I brought into my Lagos office a seventeen-year-old boy who is studying History and Anthropology. He is in the 200 level. He is not doing anything science-related. The guy sat in my office in Lagos and demonstrated some things to me on my laptop.

“He asked for my number, I gave him my number and through my number, he got my BVN. He then mentioned the name of my account number to me at the bank. I didn’t tell him anything.”

Expressing concern over the prevalence of such cybercrimes among youths, Olukoyede stressed the need for preventive measures to deter their engagement in illegal activities, emphasizing the potential consequences, including imprisonment or worse.

The problem is, I see crime in that, and I also see opportunities in it. So, if you leave these guys, we don’t make them know that what they are doing is wrong, if you leave them, they will continue to see it as a way of life to make money,” he said.

Acknowledging the delicate balance between punishment and rehabilitation, Olukoyede advocated for lenient sentences aimed at reorienting young offenders.

He cited the EFCC’s approach of providing educational and vocational opportunities to steer them away from criminal behavior.

“We plead for light sentences so that we can reorientate them and that’s part of what we’re doing. What joy will I derive from sending a 17-year-old boy to jail? You have destroyed his future. You have destroyed his career.

“Sometimes they give them options of fines and all of that conviction, so we bring them in, lecture them and talk to them.”

He said the 17-year-old boy, when he was done, said, “Look, oga, I can make 10 million now. I will demonstrate it to you. I will move money from your account to mine.

“I said no, don’t do that in my office and he was ready to do that. When he opened my laptop, I didn’t give him the key to my laptop and he had access.”

When questioned about his involvement in cybercrime, the boy explained that his parents, who are both farmers, were unable to work on their farm due to security concerns.

Despite the gravity of the situation, Olukoyede saw potential in the young hacker, recognizing his responsibilities as the primary provider for his family.

“He has two younger ones. One is in JSS2 and the other is in SSS2. He is the one feeding his parents and responsible for the payment of tuition for his younger ones. I saw a Bill Gates in that guy.”

Moved by compassion, he pledged support for the teenager’s education, hoping to redirect his future away from crime.

Olukoyede offered to sponsor the boy’s schooling and sought assistance from others to support his siblings’ education, demonstrating a commitment to breaking the cycle of criminality through empowerment and education.

The EFCC chairman said, “I told my family, we are going to do that.

“I spoke to one of my friends who is also ready to help take up the schooling of the SSS 2 guy. So I’m still looking for someone who will take up the one for the JSS 2 sibling.”

Watch the video below:

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments

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UBA, GTCO Lose ₦2.13 billion To Fraudsters Despite Heavy Cybersecurity Investments—-Three of Nigeria’s largest financial institutions have reported combined fraud-related losses of approximately ₦2.13 billion in their latest audited financial statements, highlighting the growing threat of cybercrime and electronic banking fraud in the country’s financial sector.

The affected institutions include Access Holdings Plc, Guaranty Trust Holding Company Plc, and United Bank for Africa Plc.

According to details contained in the banks’ 2025 financial reports, fraud incidents linked to the three lenders totalled approximately ₦10.29 billion. However, through recoveries, transaction reversals, and security interventions, the banks were able to prevent or recover about ₦8.16 billion, leaving actual losses at approximately ₦2.13 billion.

Among the banks, Access Holdings recorded the highest direct loss to fraudsters, losing an estimated ₦1.24 billion within the financial year.

United Bank for Africa reported over 26,400 fraud-related incidents, with actual losses totalling approximately ₦621.57 million, while Guaranty Trust Holding Company recorded approximately ₦269.44 million in losses tied to fraudulent activities.

Industry analysts say the figures reflect the increasing sophistication of cybercriminals targeting Nigeria’s rapidly expanding digital banking ecosystem.

Most of the fraud cases were reportedly connected to electronic banking channels, including unauthorised transfers, mobile banking compromise, phishing schemes, identity theft, and other forms of digital payment fraud.

The development comes as Nigerian banks continue to accelerate the country’s transition toward a cashless economy through mobile banking platforms, internet banking services, agency banking networks, and digital payment systems.

Despite the losses, the financial institutions significantly increased investments in technology infrastructure and cybersecurity measures during the year under review.

Collectively, the banks reportedly spent over ₦280 billion on technology upgrades, fraud monitoring systems, customer authentication processes, and transaction security enhancements aimed at reducing cyber threats and protecting customer funds.

Meanwhile, the Central Bank of Nigeria has also intensified regulatory efforts to curb financial fraud across the banking industry.

The apex bank recently introduced stricter compliance measures requiring financial institutions to strengthen fraud detection systems, improve transaction monitoring, and respond more rapidly to suspicious activities and customer complaints.

Financial experts have warned that as digital banking adoption continues to rise across Nigeria, banks and customers alike must remain vigilant against increasingly advanced cybercrime tactics targeting the financial sector

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Custody Death Scandal: LawyerTemokun Drags NDLEA, Demands Immediate Probe

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Custody Death Scandal: Lawyer Temokun Drags NDLEA, Demands Immediate Probe—-Calls for accountability grow after fresh death mirrors earlier prolonged detention case in Ondo.

Human rights lawyer Temokun has condemned the death of a detainee in the custody of the National Drug Law Enforcement Agency (NDLEA), demanding an immediate and transparent investigation into the circumstances surrounding the incident.

The lawyer described the development as alarming, linking it to a previous case in Ondo State involving prolonged detention without due process. In that earlier incident, Temokun had accused authorities of незакон detention and rights violations, insisting that suspects must be charged to court rather than held indefinitely.

He stressed that repeated allegations of unlawful detention and abuse within custody raise serious concerns about accountability and adherence to the rule of law.

Temokun called on relevant authorities to thoroughly probe the latest death, ensure justice for the victim, and prevent a recurrence of such incidents.

The NDLEA has yet to issue an official response regarding the latest allegations, as pressure mounts from legal and civil society groups for greater oversight of detention practices.

The incident adds to growing scrutiny of law enforcement agencies over the treatment of detainees and respect for fundamental human rights in Nigeria.

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