67-year-old woman Wuraola Folashade Oluloye hacks First Bank account, steals N16million

A 67-year-old woman, Wuraola Folashade Oluloye has been dragged before Lagos State Magistrate Court at Igbosere on a five-count charge of fraudulent diversion and hacking into a First Bank Plc account and stealing N16.2million.

She was arrested following a complaint from Solomon Akhanolu, Head of the Department of Forensic Auditors of First Bank

The court heard that Oluloye allegedly hacked into First Bank customer, Emefiele Ogbor, with account No 3014419974, and withdrew N16,200,000 from there and transferred same to her accounts in Stanbic IBTC, Union, Sterling and First banks.

Oluloye pleaded not guilty to the five counts and was granted bail by Folashade Olukoya, the presiding magistrate and the chief magistrate of Igbosere court. She is to raise N500, 000 in bail bond and provide two sureties in like sum.

Shortly afterwards Oluloye showed up at the bank to make withdrawals from her account. Unknown to her, the police were waiting and she was arrested.

The alleged offences contravened Section 287 of the Criminal Law of Lagos State, 2015, the court heard.

Chief Magistrate Folashade Olukoya granted Oluloye, who pleaded not guilty, N500,000 bail with two sureties in the like sum, among other conditions.

She remanded the defendant in Kirikiri Prison, Apapa Lagos and adjourned till June 24.


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