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With A Stolen Sim Card, I Can Empty Your Bank Account In 5 Minutes- Local Hacker Confesses



Ayoola Olalekan, a twenty-six-year-old man has explained how with just a stolen sim card, he would empty people’s bank account. He made the confession while being recently paraded as a suspected cyber fraudster by the Osun State Police Command.


Olaleken, the fraudster while making 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.


What is your name and how old are you?

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 rigor 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 after you dropped out of school?

No; I first learnt aluminum 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?

I mastered it within the space of two months. I mastered it very fast and now I have those I train, and one of them is my younger brother, who was also arrested.


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 cards, 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 from 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 download.


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 the 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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