Alleged N500m Credit Card Fraud: I Bought N125m Houses During My NYSC

A 30-year-old electrical engineering graduate, Victor Ojionu,
has told security agents that during his National Youth Service
Corps (NYSC) he bought two buildings for N125 million.

Ojionu, who graduated from the University of Nigeria, Nsukka
(UNN), said he became an internet fraudster in 2015, during his
NYSC in Calabar, Cross Rivers State.

He said: “I learnt the internet fraud business in 2015 during my
NYSC days in Cross Rivers State. I bought a house worth N60 million
from the deal before I relocated to Abuja, where I bought another
house for N65 million.

“What I do is mainly on the Alibaba site, where I trade with
hacked credits cards. I buy my goods in China and sell them in
Ghana. I bring the proceeds to Nigeria, where I have invested large
portion of it on properties.”

Ojionu is presently in the custody of the Economic and Financial
Crimes Commission (EFCC).

Security agents said Ojionu specialised in hacking into credits
cards belonging to Nigerians and foreign nationals.

He was arrested by operatives of the Inspector-General of Police
Special Intelligence Response Team (IRT), led by a Deputy
Commissioner of Police (DCP), Abba Kyari, in the Federal Capital
Territory (FCT) Abuja, for stealing over N500 million, within five
years.

The suspect was later handed over to the EFCC for further
investigation and prosecution.

Ojionu was alleged to have succeeded in defrauding his victims
using a popular online retail site, Amazon.Com, where he allegedly
sells books.

A security agent said: “The suspect designed a payment portal,
known as Payoneer, which he linked to his book selling website on,
Amazon.Com. He steals credits cards details and identities of its
owner using his Payoneer, his payment portal.

“Once Ojionu succeeds in stealing the credit cards details of
his victims, he would proceed in buying baby diapers, wipers,
wristwatches and other expensive items from another online retail
store, Alibaba.Com in China, and he would send the purchased items
to Ghana, where they would be sold to his waiting buyers. After the
items have been sold, Ojionu would travel to Ghana, retrieve his
money from his buyers and send the proceeds to Nigeria through a
Bureau de Change operator. Ojionu has succeeded in buying two
expensive cars, three mansions in Abuja, Cross Rivers and Imo
states. The suspect also has a property under construction at Dabo
Estate at Life Camp area of Abuja.”

Trouble started for Ojionu after one of his victims alerted the
police and the EFCC about the theft of his credit card details. The
complaint further noted that money, running into millions of naira,
was removed from his account.

The complaint wrote a petition to the IG, Mohammed Adamu, who
then instructed Kyari and his unit to investigate the matter. The
suspect was subsequently arrested and handed over to the EFCC.

The IRT operatives trailed Ojionu to one of his mansions in
Abuja, where he was apprehended.

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