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$25,000 Cyber Fraud: Court Remands FCMB Administrator, Ex-Staff

A Federal High Court in Lagos has ordered the remand of a Service Administrator with First City Monument Bank (FCMB) Plc, Gideon Bakpa Aghogho, and a former employee, Oscar Ebere

A Federal High Court in Lagos has ordered the remand of Gideon Bakpa Aghogho, a Service Administrator at First City Monument Bank (FCMB), and Oscar Ebere Chukwuebuka, a former employee, pending their trial for allegedly committing a $25,000 cyber fraud and database breach. The court heard the case from the Economic and Financial Crimes Commission (EFCC), which filed charges against the pair on conspiracy, cybercrime, and money laundering.

Prosecutors revealed that Aghogho shared his local Administrative Credential access code with Chukwuebuka, allowing him unauthorized access to FCMB’s systems, ultimately enabling them to steal $25,000. Aghogho allegedly received $2,000 while Chukwuebuka was awarded $400 upon completing the illicit operation. Both defendants have had their hearings adjourned until August 27, 2026 for further review of the evidence.

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