After admitting swindling £751,229 from more than 700 online banking customers, Olukunle Babatunde, 27, of Croydon, South East London was sent down for five years and six months at Inner London Crown Court. according to the National Crime Agency (NCA), He pleaded guilty to a number of crimes including "conspiracy to defraud UK banks, financial institutions and their customers."

Dubbed the “British FBI”, The new National Crime Agency started work on Monday and replaced the Serious Organised Crime Agency.

Officers caught the suspect during an investigation into a phishing scam which involved luring victims into giving up their bank login details. This information is of clear value to criminals, who can either sell on the login details or use them to carry out fraudulent transactions.

NCA officers will work on a national basis, targeting and breaking up serious organized crime gangs.