A suspected local yahoo boy arrested by police has revealed how he transfers money from people’s bank accounts using only his victim’s SIM card and bank verification number (BVN).

In Yoruba, the suspect said during his interrogation that he uses the bank codes on each sim card that receives bank messages to transfer money to another account he has access to.

He also mentioned that he takes loans from banks from any sim card he gets his hands on.

See the video below: