NPF-NCCC Arrests Two Indians in N6.17bn Fraud Case

The Nigeria Police Force National Cybercrime Centre (NPF-NCCC) has arrested two Indian nationals connected to Ecovista Industries PVT Limited in relation to an alleged electronic banking fraud involving the diversion of approximately N6.174 billion. Assistant Inspector-General of Police, AIG Akaninyene Ezima, announced the arrests during a briefing in Abuja on September 30, 2026.

The investigation was initiated following a petition received on August 13, 2026, from a payment services platform regarding the diversion of funds from a financial institution's Treasury Single Account. Preliminary investigations indicated that the fraud was facilitated by a configuration vulnerability during the migration of the institution’s API.

Investigators traced 761 payments totaling about N6.174 billion to 105 beneficiaries across 19 banks. Some transactions were disguised as refunds to customers, with recipients allegedly directed to transfer funds into alternative accounts.

Efforts are ongoing to locate another suspect, Sandeep Agarwala, who is currently at large.