Olawale Aderibigbe, an Automated Teller Machine (ATM) card fraudster has been arrested by the police in Lagos. The 33-year-old man was arrested for allegedly using stolen ATM cards to loot victims’ accounts.

Aderibigbe was arrested on Monday at Surulere, Lagos Mainland, where he went to withdraw money from a victim’s account, with a stolen ATM card.

Parading the suspect at the command headquarters in Ikeja yesterday, Commissioner Zubairu Muazu said the police got credible intelligence in January on the activities of a criminal syndicate that specialised in robbing people of their ATM cards. He said Aderibigbe confessed to the crime, adding that efforts were on to arrest fleeing members of the syndicate.

Explaining how he used his victims’ ATM cards to fleece them, he said he could transfer funds from any ATM once he has information about the card owner.

He said: “I do not require pin to effect withdrawal of money from a victim’s account using his/her ATM card. All I need is to have any information about the victims and it is not difficult to get.”

Some of the personal informations are gathered through the victims profile on social media and other traces left on the internet. People are advised to be careful with the quantity of personal informations they share online.

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