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US Nabs Anyanwu, Alleged Nigerian Hacker behind $1m Airplane Scam

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Houston police officers and FBI agents have arrested 36-year-old Cletus N. Anyanwu for allegedly masterminding an audacious cyber scam in 2018 that resulted in hackers stealing nearly $1 million from a company in New Zealand that intended to purchase an airplane from an Australian company.

US Nabs Anyanwu, Alleged Nigerian Hacker behind $1m Airplane Scam

While it may seem amusing that a company paid out nearly a million dollars to scammers instead of to the original recipient, the truth is that today’s scams are so foolproof and sophisticated that even the world’s largest corporations fail to spot large-scale frauds that ultimately result in huge financial losses.

According to Texas Police that announced the arrest this week, Anyanwu masterminded the financial side of an elaborate cyber scam in 2018 that involved scammers infiltrating the email accounts of a company in New Zealand that was to purchase an airplane and an Australian company that was selling it.

The cyber crime gang led by Anyanwu interfered with the business emails between the New Zealand-based company and the Australian company and substituted the bank routing information on the deal by replacing the account details of the Australian company with details of bank accounts that were set up as part of the scam.

This way, the scammers were able to redirect two bank transactions for $15,000 and $913,000 to accounts in Houston.

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The high-value theft led to two and a half years of investigations that culminated in the arrest of Anyanwu.

Texas Police claims that Anyanwu himself laundered as much as $300,000 of the stolen money himself.

“Cyber fraud is among the fastest-growing crimes in the world. Small businesses can be crushed, a government can be held hostage, or a corporation brought to a standstill all by hacking and fraud. We are dedicated to helping victims by bringing cyber terrorists and thieves to justice,” said Kim Ogg, Harris County district attorney.

“We’re trying to stop all kinds of computer and email scams, including business scams like this. This company lost a million dollars, and that money is just gone,” said prosecuting Attorney Keith Houston.

This is not the first time that a large corporation with sizable funds has been fleeced by scammers employing business email compromise tactics.

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In 2017, employees at India’s only government-owned airline company Air India fell for a phishing scam orchestrated by Nigerian hackers who posed as employees of Pratt & Whitney and duped the latter into transferring $300,000 (£230,905) to a bank account located in Nigeria.

In September 2017, a scammer also conned MacEwan University in Canada out of 11.8 million CAD after he convinced employees to change payment details for a vendor using email communications.

After the phishing attack was discovered, the university said that “controls around the process of changing vendor banking information were inadequate, and that a number of opportunities to identify the fraud were missed.”

“In late September 2019, an employee of Nikkei America, Inc. (New York City, United States) (“Nikkei America”), a subsidiary of Nikkei Inc. (“Nikkei”), had transferred approximately 29 million USD (approximately 3.2 billion Japanese Yen) of Nikkei America funds based on fraudulent instructions by a malicious third party who purported to be a management executive of Nikkei.

In December last year, a Lithuanian national was sentenced to five years in prison for stealing $121 Million (£92 million) from Google and Facebook between 2013 and 2015 by impersonating a vendor company in emails.

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Rimasauskas impersonated a vendor company named Quanta Computer and demanded payments for goods and services from Google and Facebook employees.

Once he received the said payments, he transferred the money to a number of banks located in countries like Latvia, Cyprus, Slovakia, Lithuania, Hungary, and Hong Kong.

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Access Holdings Sets New Benchmark in Nigeria’s Finance Talent Pipeline

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New data from CFA Society Nigeria is reshaping how the country’s financial sector thinks about talent development, with Access emerging as the single largest source of CFA candidates in Nigeria, distinction industry watchers say signals a deeper shift in how leading institutions are building investment expertise from within.

In its Where Nigeria’s Finance Professionals Work series, published in a national daily, CFA Society Nigeria placed Access first among employers of CFA candidates nationwide, with 82 candidates enrolled in the programme, more than double the 38 recorded at the next-placed institution and well ahead of every other bank or financial services firm on the list.

Access also ranked second among employers of CFA charterholders, with 11 professionals who have completed all three levels of the Programme and met its experience and ethics requirements.

For an industry that has long measured itself by balance sheet size and branch count, the rankings point to a different kind of competition: one over who is building the deepest bench of certified, globally credentialed talent.

CFA Society Nigeria compiled the data from its Salesforce Membership Database as at June 2026, and described the exercise as a way of recognising employers whose people “bring rigour, integrity and global best practices into the workplace every day.”

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Analysts following the sector say the outcome is notable less for the ranking itself than for what it suggests about talent strategy across Africa’s financial services industry. A single institution developing more aspiring charterholders than the rest of the market combined raises the floor for professional standards nationally, not just within one balance sheet.

Every candidate who advances through the CFA Programme adds to a shared pool of ethics-trained, analytically rigorous professionals that Nigeria’s capital markets, pension funds and asset managers all eventually draw from.

Access Holdings Group Chief Executive Officer Innocent C. Ike, commenting on the rankings, framed the achievement in terms of institution-building rather than recruitment: “Every candidate on that list represents our commitment to building institutions and professionals that endure.”

The remark echoes a broader thesis increasingly voiced by market observers, that talent depth, not scale alone, is what will determine which African financial institutions earn lasting global credibility.

That distinction sits at the centre of Access’s stated ambition to become the World’s Most Respected African Financial Services Group. If the CFA numbers are any indication, the Group’s route to that goal runs less through square metres of branch network and more through the calibre of the people sitting inside it, a bet that Nigeria’s finance professionals, and the institutions that will one day hire them, are already placing alongside Access.

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NCAA to Introduce RFID Technology to Tackle Missing Luggages

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Nigeria Civil Aviation Authority (NCAA) has announced plans to introduce Radio Frequency Identification (RFID) baggage tracking technology across domestic and international airport terminals to tackle the growing problem of delayed, misrouted and missing luggages

NCAA to Introduce RFID Technology to Tackle Missing Luggages

Michael Achimugu, director, Public Affairs and Consumer Protection, NCAA, disclosed this at a stakeholder engagement forum in Lagos.

Achimugu said the RFID-enabled system would replace the traditional barcode-based baggage tracking framework and provide airlines and passengers with real-time visibility of checked luggage from check-in to final collection.

According to him, the technology would improve baggage traceability, reduce mishandling and strengthen accountability across the baggage-handling chain.

Unlike conventional barcode systems, RFID technology allows baggage to be automatically scanned at multiple points without requiring direct line of sight, enabling real-time tracking of luggage throughout its journey.

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Achimugu said issues involving short-landed, missing, lost or damaged baggage had remained among the major complaints from air travellers, alongside flight delays.

He said the introduction of RFID technology was therefore aimed at improving baggage-handling standards and restoring passenger confidence in the aviation sector.

The NCAA said the initiative also aligns with IATA Resolution 753, which requires airlines to track baggage at key points during the passenger journey.

The authority expects the technology to provide more accurate information on the location of luggage, facilitate quicker resolution of baggage-related complaints and improve the overall passenger experience.

The NCAA said the initiative would also strengthen accountability among airlines and other stakeholders involved in baggage handling at Nigerian airports.

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Firm Urges MSMEs to Increase Digital Payments Adoption for Growth

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eTranzact International Plc has called for increased adoption of digital payment solutions among micro, small and medium enterprises (MSMEs), saying access to technology is critical to improving business efficiency, financial inclusion and growth.

The company also said it was deepening its partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) to expand digital access and financial literacy among small businesses across the country.

In a statement, the Divisional Head, Merchant Services, eTranzact, Mrs. Abimbola Reis, stated this at the SMEDAN/eTranzact Town Hall Engagement in Lagos recently, themed, “Financial Literacy and Inclusion for MSMEs Leveraging on Fintech Innovation.”

Reis described MSMEs as the backbone of Nigeria’s economy, noting that the sector comprises almost 40 million businesses and contributes significantly to economic growth and job creation.

However, she said many businesses continue to face challenges including limited access to finance, inefficient payment systems, weak financial reporting, cash-flow constraints and inadequate access to digital platforms.

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She added that trust concerns also affect businesses’ ability to access finance, while heavy reliance on cash increases exposure to theft and makes payment reconciliation more difficult.

Representing the Director-General of SMEDAN, Prof. Yinka Fisher said the town hall was aimed at generating practical ideas and solutions that would support the growth and expansion of MSMEs.

“The essence of this engagement is to share ideas and concepts that will help MSMEs thrive and expand. Our partnership with eTranzact is about expanding the frontiers of MSMEs and ensuring they continue to grow,” he said.

Also speaking, representative of the Director-General of the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Dr. Praise Adedigba said businesses could no longer depend solely on hard work to remain competitive.

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