Suspected Yahoo Boys re-arraigned over ‘N14.7m fraud’

They were alleged to have committed the offence by hacking a firm’s computer system and email, a crime known informally as ‘Yahoo Yahoo.’

Oluwaseun and Obhakume, former employees of First Marina Trust Limited, were first arraigned for the alleged offences in 2018, before Justice Austine Obiozor.

Justice Obiozor was soon after transferred to another division of the court, following which the case was re-assigned.

The defendants were then brought before Justice Tijjani Ringim.

They pleaded not guilty.

Justice Ringim ordered the defendants to continue with the bail terms earlier granted them by Justice Obiozor.

He adjourned proceedings till October 17.

The EFCC, in the charge marked FHC/L/52c/18, alleged that the duo on June 22, 2018, while working with First Marina Trust conspired and impersonated one Mr. Lanre Ishola, with the use of a computer system.

They were also accused of using Ishola’s name to fraudulently obtain N14.749 million from First Marina Trust Limited.

The EFCC also accused the defendants of, on 17, 2016, hacking Ishola’s altered email address and that of Ohamuo Chimezie, using the computer system(s} from “lanreishola@yahoo.com to lanreishola1@yahoo.com and chimexohamuo@yahoo.com to chimexohamuo1@yahoo.com with the intention that the email will be acted upon as genuine.