DSS Arraigns Man For Allegedly Hacking MTN’s MoMo Bank, Stealing N340m

The Department of State Services (DSS) has arraigned a 32-year-old man, Philip Ogunwobi, before the Federal High Court in Lagos for allegedly hacking the vault of MoMo Payment Service Bank Limited, a subsidiary of MTN Nigeria Communications Plc and diverting about N340 million.
Ogunwobi was docked before Justice Ambrose Lewis-Allagoa on a five-count charge of unlawful access to the bank’s financial infrastructure, conspiracy, cybercrime and money laundering by the DSS.
The secret service claimed the defendant committed the offences between May and August 2026 by allegedly compromising the bank’s systems.
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