BREAKING: Nigerian Politician Arrested For Crypto Theft

BREAKING: Nigerian Politician Arrested For Crypto Theft

In a significant development, the Nigerian Police Force (NPF) has apprehended Wilfred Bonse, a Nigerian politician, in connection with the embezzlement of over 200 million naira ($246,153) from Patricia Technologies’ cryptocurrency wallet.

The arrest comes after an investigation by the National Cybercrime Center unveiled Bonse’s alleged role in the unauthorized diversion and conversion of cryptocurrency wallets owned by Patricia Technologies.

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Wilfred Bonse is accused of collaborating with hackers to launder 50 million naira ($61,538) from the pilfered funds.

The charges against him encompass criminal conspiracy, the unauthorized alteration of computer systems and network data, and the illicit diversion of funds exceeding 200 million naira.

These accusations were detailed in a petition submitted to the inspector general of police, marking a significant stride in the ongoing investigation.

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The arrest is connected to the notable hacking incident that affected Patricia Technologies in May, resulting in a substantial loss of customer funds.

Patricia Technologies responded by converting the value of customer assets into its native Patricia Token (PTK), assuring customers of future reimbursement.

The company underscored its commitment to integrity and customer trust, introducing PTK as an internal customer holding.

NPF spokesperson Olumuyiwa Adejobi, in a press release, stated that Bonse’s arrest pertains to the theft, conversion of cryptocurrency wallets, and unauthorized fund diversion from Patricia Technologies.

PRESS BRIEFING BY THE FORCE PUBLIC RELATIONS OFFICER, ACP OLUMUYIWA ADEJOBI ON ACHIEVEMENTS RECORDED BY THE NPF-NCCC

NPF-NCCC ARRESTS ONE WILFRED BONSE IN CONNECTION WITH PATRICIA SECURITY BREACH AND COMPLEX FINANCIAL FRAUD

Similarly, the NPF-NCCC has made significant strides…

— Nigeria Police Force (@PoliceNG) November 24, 2023

The investigation also implicates several individuals, with some still evading capture.

Bonse specifically faces allegations of conspiring to launder 50 million naira from the fraudulent diversion of 607 million naira ($747,076) from Patricia Technology’s account to his bank account through a cryptocurrency wallet.

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