According to investigation, the undergraduates Nwafor is a final year 500 level student of Environmental Sciences while Orumba is a final year Computer Engineering student.
It was reported that the students used fraudulent means to hack into the email of the Account manager of the VP’s law firm, one Mr. Tunde Irukera, and they allegedly sent a mail to UBA PLC branch to one Obuba Fidelia on July 2nd instructing the bank to transfer eight million naira from Simmions Cooper Bank account to three different bank accounts they opened for the fraud.
It was further gathered that the undergraduates allegedly connived with a tricycle rider one Artor Kalu to open a bank account with Zenith bank account number 2086943174 where three million naira (N3,000,000) was transferred to with the false name Engineer Asukwo Okoro.
The remaining amounts were said to have been transferred to two other unnamed bank accounts.
Luck however ran out on the undergraduates when their alleged gang member, Mr. Kalu went to the Zenith bank account at Mushin to withdraw the N3,000,000 but was nabbed by detectives from SARS following a tip off from the bank.
The police subsequently arrested Kalu and following his statement, the police arrested Orumba but Nwafor escaped. The police has since charged Orumba and Kalu to court on a 5 count charge on conspiracy, stealing and fraud while efforts is on to arrest Nwafor whom the others claimed to be the mastermind of the fraud.