Four Nigerians in Muntinlupa City, Philippine have been arrested for alleged involvement in an international syndicate that hacks and siphons funds from banks.

However, the Nigerians denied the allegations.
The National Bureau of Investigation made this known in a statement on Tuesday, ABC CBN News reports.
The statement, which was written in Phillwas signed by NBI’s Cybercrime Division chief, Vic Lorenzo.
The investigative bureau claimed that “the fraudsters’ – Nigerians – transactions were traced when they hacked a system of one Philippine bank, where at least P100 million were transferred and funneled into a different account”.
It claimed that the Nigerians disregarded the Access Device Law, Anti-Cybercrime law, and adulteration of open reports. 

Yet, the NBI in the announcement neglected to name the captured Nigerians. 

The announcement read, "The global organization is confounded.. to the point that they study the framework's imperfections. When they see a shortcoming, they will exploit that. 

"One of the suspects' Filipina sweetheart confessed to having utilized her record to store and pull back cash adding up to in any event P2 million, which was probably for educational cost. 

"Clear ATM cards and bank receipts were appropriated from the suspects." 

While denying the claim, the Nigerians told ABC CBN that they were in the nation to study, and they know nothing "about the hacking occurrence". 

"The assets pulled back were gifts from a Nigerian understudy network", one of them said.

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