December 9, 2023

Ayoola Olalekan, a twenty-six-year-old man who was recently paraded as a suspected cyber fraudster by the Osun State Police Command has opened on how he empty people’s bank account with Sim cards.

Olaleken, the fraudster while make the confession in an interview with The PUNCH said he was a musician but the money he was making in music was not enough for him.

My name is Ayoola Olalekan. I am a 26-year-old indigene of Oyo State from Oyo town.

What led to your arrest?

I was arrested for SIM card hacking. I used software to withdraw money from my victim’s bank account.

How do you hack into people’s accounts?

I use software to do it. I can hack into any bank account in Nigeria if I get hold of a SIM card on which a bank customer receives bank alerts.

For how long have you been doing this?

I have been doing it for over a year now.

What is your level of education?

I dropped out of secondary school. I left while I was in Senior Secondary School 2 because I could no longer cope with the rigour of education. Education was too hard for me.

Did your parents support your decision to stop going to school?

No. I just told my parents, one day, that I was no longer interested in education. My younger brother and I dropped out of school at the same time.

Did you start hacking into bank accounts immediately you dropped out of school?

No; I first learnt aluminium work.

Who introduced you to hacking?

I got to know about it through friends but I am now an expert and I can hack into any (bank) account. When I expressed my desire to learn Yahoo-Yahoo (Internet fraud), I was taken to Sagamu in Ogun State. It was there that I learnt how to hack SIM cards.

How long did it take you to master it?

How much have you made so far from hacking into bank accounts?

I have not made much money. I haven’t bought a car or built a house yet. I still live in a rented apartment. My life only improved a little after I began hacking. The biggest money I made at once was N500, 000.

How do you spend the money you make from hacking?

I buy things for myself; I also try to help poor relations. I visit nightclubs and spend (money) on girls. I am not married but I have a girlfriend.

Did your girlfriend know the kind of work you do?

Yes, she knew and she did not object to it. I was trying to survive.

How long does it take you to hack into a bank account?

It takes only five minutes maximum to complete the SIM hacking process and get the money cleared off my victim’s account.

To hack, I will just dial a software code on my victim’s SIM card, the BVN and other details he used while opening the bank account will be revealed. Once I have all that, the rest is easy.

Apart from hacking, what other things do you do?

Aside hacking, I am a pop singer. I use the name Lord 99 and to my credit, I have recorded about six singles which are even accessible online for downloading.

If you are freed, will you still engage in Yahoo-Yahoo?

No, I will face my music career. I engaged in Yahoo-Yahoo because the money I was making in music was not enough for me. The biggest amount I made once in a show was N7, 000. While in detention, I still got inspiration for new songs and I have noted it. If I am freed, I will do songs to discourage people from engaging in Yahoo-Yahoo.

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