Home Business/Economy Police nab 6 suspects over alleged N7.7bn telecom fraud

Police nab 6 suspects over alleged N7.7bn telecom fraud

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By Monday Ijeh

The Nigeria Police Force (NPF) says  operatives of its  National Cybercrime Centre (NPF–NCCC) arrested six suspects over alleged N7.7 billion telecommunication fraud.

Force Public Relations Officer, CSP Benjamin Hundeyin said this in a statement on Wednesday in Abuja.

He said the suspects were responsible for the illegal diversion of a telecommunications company’s airtime and data resources, resulting in an estimated financial loss of over ₦7.7 billion.

Hundeyin said the suspects were arrested,  following a petition by a Nigerian telecommunications company over suspicious and unauthorised activities within its billing and payments infrastructure.

The police spokesman said investigations revealed that internal staff login credentials had been compromised, granting the actors unlawful access to core systems.

“Following weeks of planning, coordinated enforcement operations were executed in October 2025 in Kano State  and Katsina , with a follow-up arrest in the Federal Capital Territory.

“The operation led to the arrest of six suspects, recovery of  two residential houses in Kano, two mini-plazas, GSM and laptop retail outlets.

“The retail outlets contain over 400 laptops, 1,000 mobile phones and a Toyota RAV4 vehicle, suspected to be proceeds of the crime,” he said.

According to him, substantial sums of money traced to  accounts of the suspects were also recovered.

He said the suspects would be charged to court upon completion of the investigation.

Hundeyin said the Inspector-General of Police (I-G), Mr Kayode Egbetokun, commended the officers involved in the investigation for their professionalism.

He said the I-G pledged the resolve of the force, through the NPF–NCCC, to safeguard Nigeria’s digital and financial ecosystems, dismantle cyber-criminal networks, and ensure that offenders were held accountable. (NAN)

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