Politician arrested in Nigeria’s Patricia Technologies crypto wallet heist

The Nigeria Police Force (NPF) said it has arrested one politician, Wilfred Bonse, for the theft of over 200 million naira ($246,153) from Patricia Technologies’ crypto wallet.

In a statement released on Friday, Olumuyiwa Adejobi, the force’s public relations officer, said that Bonse had allegedly helped hackers launder 50 million naira ($61,538) that had been stolen.

He said that the NPF, through its National Cybercrime Center, has achieved significant progress in the Patricia Technologies case. The case includes criminal conspiracy, the unauthorized alteration of computer systems and network data, and the illicit diversion of funds exceeding 200 million naira ($246,153), as outlined in a petition submitted to the inspector general of police.

The NPF spokesperson said in the statement that Bonse had been arrested for the theft, the conversion of cryptocurrency wallets, and the unauthorized fund diversion from Patricia Technologies. The statement detailed the alleged involvement of several individuals, with some still at large.

According to the allegations against him, Bonse planned to launder 50 million naira by using a cryptocurrency wallet to fraudulently divert 607 million naira ($747,076) from Patricia Technology’s account to his own bank account. The investigation is still going on.

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