The Economic and Financial Crimes Commission (EFCC) has arrested a man, Olawole Sunday, for using bank account details bought from people to commit fraud.

According to a statement released by the EFCC’s Benin Zonal Directorate on April 7, 2025, Sunday was involved in convincing young people to open multiple bank accounts. He would pay them N25,000 or N50,000 for each account and collect their full bank details, including ATM cards.

One of the victims, Uyi Godstime Eghosa, unknowingly had his account used in a N2 million scam. The fraud was done under the false promise of forex trading. Eghosa was first arrested, but during questioning, he explained that he had sold his account details to Sunday for N25,000 and did not know about the fraud.

Based on this information, EFCC arrested Sunday. He has confessed to the crime and will be charged in court after the investigation is completed.

The EFCC is warning the public not to give out or sell their bank account details, as it could be used for illegal activities.