Skorea Arrests Nigerians over Massive Banking Scam

On Thursday South Korean police arrested Nigerian for allegedly obtaining millions of dollars from Citibank with the help of forged document from Ethiopia’s central bank. The suspects were caught by police on Monday near Yongsan district of Seoul following tips from local bank employee as they tried to withdraw money from bank account. It was frozen at Citibank’s request.

In august trio sent a forged payment request from Ethiopian central bank to Citibank in New York. Nearly 30 million dollars were asked to send to bank account of several countries including South Korea, China, and Tanzania. Detective Jung Hyun-Soo at Yongsan police station told AFP that Citibank have transferred most of the money including nine billion won to four local bank in seoul.

It is unclear whether the money from the other bank was withdrawn or not. Out of the nine billion won, Nigerian had already withdrawn 8 billion and was detained while trying to obtain the remaining one billion. The Nigerian had handed over most of the 8 billion dollar won to unspecified Ethiopians, Han Jeong, a senior police officer at Yongsan, told this to Yonhap news agency.

Han said, Citibank notified the Korean bank, after the forged documents were discovered. Among the three suspects, two of them were on business visas while the third was an illegal immigrant. All the three names were withheld.

Citibank Korea spokeswoman said that , they working closely with the police for more in-depth investigation.

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