Cyber criminal steals £400,000 from UK students

News by Doug Drinkwater

A Nigerian man from Manchester has been jailed for almost four years after using phishing emails to steal some £400,000 from 238 students.

Olajide Onikoyi was one of many cyber criminals who tricked local students by sending phishing emails, advising them to visit a fake student loans website.

When students visited the website, they were invited to update various personal details – presumably including their bank credentials – and Onikovi was subsequently able to access these accounts and make large withdrawals. One student alone apparently had £19,000 stolen.

Onikovi appeared before Southwark Crown Court on Friday, where he admitted conspiracy to defraud UK financial organisations, which earned him a three year custodial sentence. He was also handed a further nine month sentence after pleading guilty to a charge of money laundering.

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