EFCC Recovers N114m Stolen From Microfinance Bank Customer Account, Returns Funds To Bank
By Mega Awareness
The Economic and Financial Crimes Commission (EFCC) has recovered and returned *N114 million* stolen from a microfinance bank customer account through cyber fraud.
Mega Awareness reports that the recovery was announced on *Friday, October 30, 2026*, by the EFCC Benin Zonal Directorate.
*How It Happened:*
According to the Commission, the affected microfinance bank — whose name was *not disclosed by EFCC for security and customer confidentiality reasons* — petitioned the EFCC in *August 2024* after discovering that one of its customer’s accounts was hacked and money was withdrawn without authorization.
The case was assigned to the Benin Zonal Directorate for investigation.
After months of tracking, EFCC operatives traced the stolen funds to several suspects, including one *Obumneme Bright*, who was arrested.
The Commission recovered the sum of *N114 million* from him.
On *Thursday, October 29, 2026*, the Acting Zonal Director, Benin Zonal Directorate, *Deputy Commander Sa’ad Hanafi Sa’ad*, formally presented a bank draft of N114 million to *Mr. Samuel Ikechukwu*, a senior official of the affected microfinance bank, at the EFCC office in Benin.
EFCC said efforts are ongoing to track down the remaining members of the syndicate who are currently at large.
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