InfoStride News reported a significant breakthrough in the investigation into the cybercrime incident against Patricia Technologies, with the arrest of Wilfred Bonse by the National Cybercrime Center of the Nigeria Police Force (NPF-NCCC). Earlier this year, Patricia Technologies had filed a petition with the Inspector General of Police, alleging theft and a breach of its cryptocurrency trading platform.
The reported breach resulted in the loss of funds belonging to depositors, prompting Patricia Technologies to suspend the platform to prevent further compromise of depositors’ funds. The subsequent investigation uncovered a complex criminal conspiracy involving unauthorized modifications to computer systems, network data, and the unlawful diversion of funds totaling over 607 million Naira.
The alleged theft included the conversion of cryptocurrency wallets and the unauthorized diversion of funds from Patricia Technologies’ Flutterwave account. Wilfred Bonse emerged as a key player in this intricate crime, conspiring with others to fraudulently divert 607 million Naira from Patricia Technologies’ account to his bank account through a cryptocurrency wallet.
Hanu Fejiro, CEO of Patricia Technologies, expressed relief at the conclusion of the police investigation and the arrest of one of the perpetrators. He emphasized the significance of the development for the firm and its stakeholders, stating, “This is a big relief. We have finally been vindicated as not a few disbelieved us that our platform was hacked in the first place.”
Fejiro commended the diligence of the Nigerian Police and the commitment of his colleagues, asserting that the arrest provides customers with renewed reasons to trust Patricia Technologies. He stated, “With this development, Nigerians can now see that we have always been a truthful, fair, and responsible organization with the best interest of our customers at heart.”
The CEO highlighted the relaunch of the platform with enhanced security measures and renewed commitment to Nigerians. He expressed optimism about the future, saying, “With our platform relaunched with stronger security and our commitment to Nigerians, renewed, we look forward to the new era with great optimism.”
It’s noteworthy that Patricia Technologies initiated the first phase of repaying depositors on November 20, aiming to compensate those who suffered losses due to the breach. Despite other co-conspirators remaining at large, the Nigeria Police Force assured the public that comprehensive efforts are ongoing to ensure that all involved in this criminal conspiracy are brought to justice.
Support InfoStride News' Credible Journalism: Only credible journalism can guarantee a fair, accountable and transparent society, including democracy and government. It involves a lot of efforts and money. We need your support. Click here to Donate