A 27 year- old suspect and indigene of Ogba/Egbema/Ndoni Local Government Area of Rivers State, Nwamannah Chuks Ifeanyi, has been arrested in Abuja, for alleged ATM card fraud by the Economic and Financial Crimes Commission, EFCC.
The Network gathered that the suspect was apprehended on Wednesday, June 29, at the Fruits Market, Wuse Zone II, Abuja, following an intelligence report.
A statement by the Head, Media and Publicity, Wilson Uwujaren on Tuesday confirmed the arrest adding that he was picked up at the point of arrest with 41 ATM cards of different banks, bearing various names.
EFCC stated that other items recovered from him are a Toyota Venza car with Registration Number KUJ -300 MK, one PoS Machine, two Apple Laptop computers, six iPhones, one Nokia torchlight, one Apple wrist watch and one Driver’s license.
“The Benue State University graduate of Political Science and agent to a soccer betting company, claims he uses the ATM cards for Chargeback.
“Chargeback is the fraudulent act of using an ATM card to withdraw money and afterwards call the bank to dispute the transaction and ask for a reversal.
“He will be charged to court as soon as the investigation is concluded.” The statement reads.
