In News by Oluwaseun Samuel on the 07th, October, 2020

Polaris Financial institution Hacker, Nnamdi Obulo Sentenced To One 12 months In Jail

Polaris Bank Hacker, Nnamdi Obulo Sentenced To One Year In Jail


Eric Nnamdi Obulo

Eric Nnamdi Obulo, the person who hacked into Polaris Financial institution Laptop and stole $70,00zero, has been jailed for one 12 months in Port Harcourt.

Justice I.M. Sani of the Federal Excessive Courtroom sitting in Port Harcourt, convicted and sentenced Obulo on Tuesday.

He was re-arraigned by the Port Harcourt Zonal Workplace of the Financial And Monetary Crimes Fee, EFCC, on one- depend cost bordering on illegal interception by technical means, into Polaris Financial institution’s knowledge base and taking possession of $70,00zero.

The one-count cost learn: “That you simply Eric Nnamdi Obulo, on or about July, 2019 in Port Harcourt, Rivers state, throughout the jurisdiction of this Honourable Courtroom did intercept by technical means the info base of Polaris Financial institution and within the course of took possession of the sum of Seventy Thousand into your Polaris Financial institution Account no. 2130049253 and thereby dedicated an Offense opposite to Part 12 (1) of the Cybercrime (Prohibition Prevention and so on.) Act 2015 and punishable underneath the identical part of the Act”.

He pleaded responsible to the cost, when it was learn to him.

In view of his plea, prosecuting counsel, Okay. W Chukwuma-Eneh prayed the court docket to convict and sentence him accordingly.

Defence counsel, D.E. Nowo, pleaded for leniency in view of the convict’s ” regret and being a first- time offender who didn’t waste the dear time of the court docket”

Justice Sani consequently convicted and sentenced Eric Nnamdi Obulo to 1 12 months imprisonment with an choice of wonderful of 5 Million Naira solely.

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Obulo bumped into hassle when Polaris Financial institution filed a petition in opposition to him, with the Port Harcourt Zonal Workplace of the EFCC on October 14, 2019. The petitioner said that, someday in October, 2019, the financial institution’s database and core banking functions had been manipulated by unknown fraudsters, ensuing within the crediting of six accounts belonging to the convict with a complete sum of Seventy Thousand United States .



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