LAUTECH Graduate Describes How He Hacks Into Bank Customers' Accounts

Babatunde Fatai, a fresh graduate of Ladoke Akintola University of Technology, has been arrested by the Oyo State Police command for various Internet crimes, including hacking into bank accounts of many people in and outside Nigeria.

“It is not easy to do Internet fraud. It takes painstaking effort," he said after he had been nabbed.


“At times, I would go to dating sites to woo both men and women. I would make sure they fall in love with me by regularly sending love and romantic messages and even calling them until I deceived them into giving me their account details.

“At times, I would send fake emails to bank customers making it look like it emanated from their banks. Then I would ask them to change their password, PIN or other bank account security details.

“They would be required to input the old and new, but as soon as I get the old password, I would use it to hack into their accounts, transfer the money to the person I’m dating abroad, who would later send it to me through another means,” he explained.

Babatunde Fatai had once been arrested for robbery and arraigned in court but granted bail.

He was arrested with the sum of N2.4m and four cars in his Ogbomosho hideout.