Ikoyi, Lagos – Divest Limited’s platform was hacked by a 36-year-old man, Nicholas Oko Ogar, who fraudulently withdrew ₦15 million. He has been remanded at the Ikoyi Correctional Facility after being arraigned on the charges.
Police investigations revealed that Ogar allegedly manipulated Divest Limited’s system, gaining unauthorized access to its accounts and illicitly withdrawing ₦15 million before disappearing. The arrest followed a petition filed by the company with the Financial Malpractices Investigation Unit (FMIU) of the Nigeria Police in Lekki.
Acting on the directive of the Inspector-General of Police, the FMIU launched an investigation, utilizing intelligence and tracking operations to apprehend Ogar at a hidden location in Lagos.
Inspector Emmanuel Moris and his team conducted the investigation, leading to Ogar’s arraignment before the Tinubu Magistrate’s Court on Lagos Island. The prosecution, led by Police Counsel Ben Ekundayo, presented a four-count charge against Ogar, including fraud, obtaining money by false pretenses, and theft. These charges, stemming from alleged offenses committed on December 10, 2024, contravene sections 411, 389(1), 314(3), and 287 of the Lagos State Criminal Law of 2015.
Ogar pleaded not guilty to all charges. Chief Magistrate M. Owunmi granted him bail in the sum of ₦5 million with two sureties in like sum. However, as the defendant was unable to immediately meet the bail conditions, he was remanded in custody at the Ikoyi Correctional Facility. The case has been adjourned until February 13, 2025, for further mention.