Four Nigerian Students arrested for allegedly hacking Philippine’s Bank system

Four Nigerians in Muntinlupa City , Philippine have been arrested for alleged involvement in an international syndicate that hacks and siphons funds from banks .
However , the Nigerians denied the allegations .
The National Bureau of Investigation made this known in a statement on Tuesday , ABS CBN News reports.

The statement was signed by NBI ’ s Cybercrime Division chief , Vic Lorenzo .
The investigative bureau claimed that “ the fraudsters ’ – Nigerians – transactions were traced when they hacked a system of one Philippine bank , where at least P100 million were transferred and funneled into a different account”.

It alleged that the Nigerians violated the Access Device Law , Anti – Cybercrime law , and falsification of public documents .
But the NBI in the statement failed to name the arrested Nigerians .
The statement read , “ The international syndicate is complicated . . to the point that they study the system ’ s flaws.

Once they see a weakness , they will take advantage of that.
“One of the suspects ’ Filipina girlfriend admitted to having used her account to deposit and withdraw money amounting to at least P2 million , which was supposedly for tuition.
“Blank ATM cards and bank receipts were confiscated from the suspects. ”

While denying the allegation, the Nigerians told ABS CBN that they were in the country to study , and they “ know nothing about the hacking incident”.
“The funds withdrawn were donations from a Nigerian student community , ” one of them said.

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