Nigeria Police Charge Two for Moniepoint Inc. Cyberstalking
Analysis based on 8 articles · First reported Mar 17, 2026 · Last updated Mar 18, 2026
The event highlights the growing risk of cyberstalking and reputational damage for financial institutions, potentially leading to increased scrutiny on cybersecurity measures and legal frameworks. For Moniepoint Inc., the allegations could negatively impact customer trust and brand image, while the legal proceedings will test the application of Nigeria's cybercrime legislation.
The Nigeria===Nigeria Police Force has filed a seven-count criminal charge against Adebayo Aliu and Fatuntele Lukmon Tunde before a Federal High Court in Abuja. They are accused of cyberstalking Moniepoint Inc. Microfinance Bank by creating a fraudulent online platform. This platform allegedly promised ₦500,000 to individuals who would post negative comments using the phrase 'Moniepoint Inc. Scandal' and share fabricated experiences about the bank, with the intent to cause reputational harm and a breakdown of law and order. The defendants are also accused of fraudulently impersonating social media influencer Brain Jotter to facilitate their scheme. The arraignment, scheduled for March 17, 2026, was adjourned to April 27, 2026, due to the defendants' absence. The case will test the application of Nigeria's Cybercrime (Prohibition, Prevention, etc.) Act 2015 (as amended in 2024) in cases involving monetized social media manipulation and online impersonation.
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