These men transfer funds using sim cards of stolen phones

 6 men who specialise in stealing mobile phones to transfer funds. 
A 6-man syndicate that specialises in robbing people of their mobile phones and then turning over the SIM cards to hackers who are able to unlock sim owner's bank details and then
transfer funds, has been arrested by The Lagos State  Police Command.

Parading the group, the Commissioner of Police, Mr. Imohimi Edgal disclosed that the syndicate comprised of three splinter groups visiting choice locations in the state to rob members of the public of their phones.  The commissioner stated that the group handed over the SIMs to another set of people that would, through special computer apps, get the bank account details of the owners and thereafter get the account balances.
Edgal added that the balance of the account is now transferred into different accounts sourced by another set of suspects.
The suspects, Nwanze Ifeanyi (27), Martins Achi (27) and Solomon Dike (31) rob people of their phones and flee the scene on motorcycle.
Muritala Mohammed (28) a.k.a Swallow, through computer apps, retrieve the names, bank details of the original owner of the SIM, including BVN. The recovered details are used to determine the account balance. Money in the account is transferred into different  accounts sourced by the third group involving Shamson Mustapha (25) and Ali Hassan (27).
The activities of the group were brought to the attention of the Decoy Team of the Rapid Response Squad (RRS) when they stole the phone of one Yinka at a birthday party in Egbeda area.
They worked on the phone’s SIM card and transferred N1,153,000:00 from her account. Yinka only got to know of the transactions when she inserted the replaced SIM into a new phone.
According to Muhammed, who is an SS 2 drop out of Ojo High Secondary School, Lagos, what he does is to get the SIM from the other suspects and then hack into the bank account details connected with the phone number of the SIM. He claimed that he started hacking into bank accounts of people in June 2017.
“My first hit was N20k. All the SIMs that I have worked on should be up to 47”, he said.