Former Cross River Governorship Aspirant Arrested Over Alleged Fraud Involving Patricia Technologies.
In a significant development, a former Cross River State governorship aspirant, Wilfred Bonse, associated with the New Nigeria People’s Party (NNPP), has been apprehended alongside three others over allegations of fraud. The arrest comes in the wake of a reported breach of Patricia Technologies, an indigenous cryptocurrency exchange platform in Africa.
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Hanu Fejiro Agbodje, the founder and Chief Executive Officer of Patricia Technologies, took to his official X account to share the news. In his post, he revealed that the Police Public Relations Officer (PRO) had announced the arrest of Wilfred Bonse and his associates.
The fintech platform Patricia had earlier disclosed a temporary suspension of withdrawals, attributing it to a recent hack that compromised its retail trading application, impacting both BTC and naira assets. The platform cited internal restructuring as the reason for the temporary withdrawal halt.
While acknowledging the inconvenience faced by customers, Patricia assured them of ongoing efforts to address the situation. The company also claimed to have identified a member of the coordinated gang responsible for the attack and pledged to recover the money taken.
Techcabal, however, reported that despite Patricia’s recent notification, the incident occurred in January 2022, resulting in a reported loss of $2 million. Despite this revelation, Patricia’s CEO, Fejiro Agbodje, informed customers that Wilfred Bonse and his team, suspected to be involved in the hack, have been arrested by the Lagos State Police Command.
Agbodje stated on Saturday, November 25, 2023, “Wilfred Bonse, a Governorship Candidate in Cross River 2023 elections, who was used to steal N607,000,000 from Patricia.”
He assured users that repayment has begun and will continue until every affected user is reached. The investigation is ongoing, with the focus on bringing all involved parties, including politicians used in laundering the stolen money, to justice.
This development underscores the complex intersection of politics, finance, and technology, with potential legal implications for those involved in the alleged fraud.
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