Kehinde Lateef Allegedly Hacks Sterling Bank Lagos Island's Database, Steals N53.6million

A 31-year old graduate, Kehinde Lateef (pictured above) who served his one year internship with Sterling Bank Plc, Lagos Island, has been arrested for allegedly hacking the bank's database and fraudulently withdrawing the sum of N53.6 million naira from the accounts of two customers of the bank.

The police at Lion Building Division, Campbell Street, Lagos Island, who arrested the suspect alleged that Kehinde conspired with three others now at large to hack into the system of the bank a few days after he completed his one year service with the bank and withdrew the sum of N49.1m from one account and N4.5m from another account and escaped.

Kehinde was arrested after the management of the bank reported the money stolen.

A police team led by Inspector Elegbede Oluranti, after one year of manhunt for the suspected scammers, tracked down Kehinde Lateef at his residence on Ishawo Road, Ikorodu, Lagos, and arrested him, while others escaped.

Lateef was arraigned before a Tinubu Magistrates’ Court, Lagos on a three-count charge of felony, after due investigation.

The accused, however, pleaded not guilty to the alleged crime in the open court and Chief Magistrate A. O. Awogboro admitted the accused on bail in the sum of N2 million with two sureties in like sum.

Awogboro adjourned the case till 6 May, 2015, while the defendant was taken to Ikoyi Prison till he's able to fulfil the bail conditions.