Undergraduate masterminds $100m fraud while serving jail sentence

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Undergraduate masterminds $100m fraud while serving jail sentence

The Economic and Financial Crimes Commission [EFCC] on Monday revealed that an internet fraudster who is an undergraduate, Hope Olusegun Aroke, who is

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The Economic and Financial Crimes Commission [EFCC] on Monday revealed that an internet fraudster who is an undergraduate, Hope Olusegun Aroke, who is currently serving a 24-year prison sentence, successfully coordinating a $100m fraud from jail.

An undergraduate of Kuala Lumpur Metropolitan University, Malaysia, Aroke was jailed by Justice Lateefa Okunnu of the Lagos State High Court on 25th January 2016 for his involvement in an internet scam that fetched him four thousand ringgit (about N25m then). He was said to have been about to flee to Malaysia when he was nabbed, prosecuted and sentenced.

Justice Okunnu found him guilty on two-count charge bordering on obtaining money by false pretence; cheque cloning, wire transfer and forgery, and sentenced him to twelve years imprisonment. During prosecution, Aroke admitted sending the money to Nigeria through one Angela, who later helped him deposit its naira equivalent in a new generation bank. Upon his arrest, two exotic cars valued at N23,000,000 were recovered from him.

But he didn’t turn a new leaf as he remained in ‘active communication with other high-value targets that are currently being investigated by the Commission for various offences relating to computer fraud and money laundering”, says the Lagos Zonal office of the EFCC.

The anti-graft agency further revealed that the 28-year-old masterminded the commission of $100m internet scam from prison.