Nigerian Politician Arrested for $246,153 Theft from Patricia Technologies’ Crypto Wallet
The Nigeria Police Force (NPF) has announced the arrest of a politician in connection with the theft of over 200 million naira (approximately $246,153) from Patricia Technologies’ crypto wallet.
In a recent post on X (formerly Twitter), the NPF said the arrest of Wilfred Bonse was made following an investigation conducted by the NPF’s National Cybercrime Center.
According to Olumuyiwa Adejobi, the force’s public relations officer, Bonse is accused of collaborating with hackers to launder 50 million naira (around $61,538) from the stolen funds.
The charges against him include criminal conspiracy, unauthorized alteration of computer systems and network data, and the illicit diversion of funds exceeding 200 million naira.
These allegations were outlined in a petition submitted to the inspector general of police.
PRESS BRIEFING BY THE FORCE PUBLIC RELATIONS OFFICER, ACP OLUMUYIWA ADEJOBI ON ACHIEVEMENTS RECORDED BY THE NPF-NCCC
NPF-NCCC ARRESTS ONE WILFRED BONSE IN CONNECTION WITH PATRICIA SECURITY BREACH AND COMPLEX FINANCIAL FRAUD
Similarly, the NPF-NCCC has made significant strides…
— Nigeria Police Force (@PoliceNG) November 24, 2023
The statement issued by the NPF revealed that Bonse was apprehended for his alleged involvement in the theft, conversion of cryptocurrency wallets, and unauthorized fund diversion from Patricia Technologies.
The arrest of Bonse brings a glimmer of hope for Patricia Technologies, a crypto trading company that faced significant scrutiny following a hacking incident in May.
The breach resulted in substantial losses of customer funds, prompting Patricia to take action.
In response to customer concerns, Patricia converted the value of customer assets into its native Patricia Token
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