Police Arrest Cross River Politician For N607m Fraud

On Wednesday, November 29, the police announced a major breakthrough in the case of a cybercrime perpetrated against Patricia Technologies to the tune of N607 million.

The development followed the arrest of one Wilfred Bonse and three other suspects.

Bonse was the gubernatorial candidate of the New Nigeria Peoples Party (NNPP) in Cross Rivers State during the 2023 elections.

This news was disclosed by the Nigeria Police PRO, Olumuyiwa Adejobi, during a briefing in Abuja on Friday.

According to him, the ensuing investigation revealed a far-reaching criminal conspiracy involving the unauthorised modification of computer systems and network data and the unlawful diversion of funds totalling over N607 million belonging to the petitioner.

Patricia Technologies had petitioned the Inspector General of Police, IGP, to report the alleged breach of its cryptocurrency trading platform, Patricia, in 2022.

The incident resulted in a loss of funds belonging to depositors and led to the suspension of the platform to curtail further compromise of depositors’ funds.