A suspect arrested for fraud has revealed how he steals his victims’ money from their bank accounts through their SIM cards.
In a video, the suspect, name unknown, revealed that he could only steal money from bank accounts or take loans if the stolen SIM has been used for bank transactions.
He revealed some codes he uses to obtain the details of his victims, adding that he could also set up a new account without visiting the bank.
“I do ‘wire wire’ normally but this one is called SIM transaction, which is ‘local wire’. I can work on any alert SIM used for bank transactions. I first use a code to get the victims’ bank before I use another code to get the account balance and reset the PIN,” he said.
“To do this, I would need the BVN and account number. Some save their details on their phones while some do not. I use another code to get the BVN which gives me access to the details so I register and continue with my work.
“If it’s a salary account, I use it to get a loan. I don’t transfer stolen money into my account, I open a ‘no-trace’ account.
“I use a victim’s BVN to open an account where I keep the money so if there’s any investigation, the victim is the one in trouble not me.
“All I need is the BVN, and I’ll get a new account number sent to me right away.”
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