James Nwagalezi a 28-year-old suspected fraudster has been arraigned to court on Friday in Lagos for allegedly hacking into the mobile app account of Eco bank Plc and unlawfully withdrawing N207 million.
He is facing trial on a four-count charge bordering on felony to wit, unlawfully hacking into the bank account and stealing preferred against him by the police.
Others are still at large according to Inspector Jimoh Joseph, the police prosecutor. He said this at the trial, he also mentioned that this crime was committed at Igboelerin, Okokomaiko, Ojo, Lagos.
The prosecutor stated that as soon as the crime was committed, it was reported to the divisional police officer DPO in charge of Ikoyi Division, SP Tijani Mustapha, who directed a crack team to look for the suspects.
The defendant was actually arrested after so many months of search and investigations.
The Prosecutor said his offences are punishable under sections 411, 387, 287 and 325 of the criminal laws of Lagos state, 2015.
Nwagalezi the suspect, pleaded not guilty and was granted bail by magistrate B.I Bakare with two sureties in like sum, one of whom must be a community leader.
The case was adjourned until July 4, the Magistrate, however, directed that the defendant should be remanded in the Ikoyi prison until his bail conditions have been met.