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EFCC Bursts Syndicate of 792 Cryptocurrency Investment, Romance Fraud Suspects in Lagos … Arrests 193 Chinese, Arabs, Filipinos, Others

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The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Ola Olukoyede, has disclosed that the Commission, in a landmark raid, arrested 792 suspects for their alleged involvement in cryptocurrency investment fraud and romance scam.
The suspects were apprehended on Tuesday, December 10, 2024, in a surprise operation at their hideout, an imposing seven-storey edifice known as Big Leaf Building, on No.7, Oyin Jolayemi Street, Victoria Island, Lagos , following verifiable intelligence received by the Commission .

Speaking during a media briefing on Monday, December 16, 2024, at the Lagos Zonal Directorate of the Commission, Olukoyede stated that 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian were arrested during the operation.

The EFCC’s boss, who spoke though the Director, Public Affairs, EFCC, Commander of the EFCC, CEWilson Uwujaren, further stated that the foreign nationals used the facility, which could be mistaken for a corporate headquarters of a financial establishment, to train their Nigerian accomplices on how to initiate romance and investment scams and also used the identities of their Nigerian accomplices to perpetrate their criminal activities.
According to him, “All the floors are equipped with high-end desktop computers. On the 5th floor alone, investigators recovered 500 SIM cards of local telcos that were bought for criminal purposes.

“ Their Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries.
“They usually arm them with desktop computers and mobile devices and create fake profiles for them.

“The Nigerian accomplices are equally provided with logs that allow them access to foreign communication lines and victims, which they chat with on WhatsApp, Instagram and Telegram.”

While giving further details about the modus operandi of the syndicate, the EFCC Chair said the Nigerian accomplices, who are assigned WhatsApp accounts linked to foreign telephone numbers, especially from Germany and Italy, engage victims in romantic conversations as well as phantom business and investment discussions to trick them to shop on the purported online investment shopping platform called www.yooto.com.

He added: “For those who show interest, activation fees for an account on the platform starts from $35USD.

“Investigation revealed that the criterion for recruiting these young Nigerians is proficiency in the use of computers, especially typing skill. Those who passed the test are given desktop computers and mobile devices and then taken through a two-week induction on how to personate foreign females in romance scam chats and convince victims to invest in their employers’ cryptocurrency investment scam.

“Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims and proceed to block their Nigerian accomplices from the network. This would then leave them in the dark about the transaction.”

He, however, said the Nigerians involved in the alleged fraudulent activities “do not know the owners of the ‘company’ they work for because they are not offered letters of appointments or receive payment from a corporate account.”

According to him, the suspected Nigerian accomplices are usually paid either in cash or through an individual’s account.

Olukoyede said the Commission was working with its foreign partners to establish the extent of the scam and the accomplices as well as the likelihood of any collaboration with organized international fraud cells.

The EFCC Chair also used the occasion to debunk the notion that Nigerians are behind the tonnes of frauds emanating from the country.

“Foreigners are taking advantage of our nation’s unfortunate reputation as a haven of frauds to establish a foothold here to disguise their atrocious criminal enterprises. But, as this operation has shown, there will be no hiding places for criminals in Nigeria,”he said.

Also speaking during the occasion , the acting Zonal Director, Lagos Zonal Directorate of the Commission, Michael Wetkas, sought greater collaboration with the media in the fight against corruption and economic and financial crimes.

Items recovered from the suspects include desktop computers, mobile phones, laptop computers and cars at the point of arrest.

The suspects will be charged to court after investigations are concluded.

Visit www.efcc.gov.ng for more stories

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Gunmen k!ll President General of Ogidi community and one other in Anambra.

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Unidentified gunmen, suspected to be cultists, have k!lled a community leader and one other person in Anambra State.

The President-General of Ogidi community in Idemili North Local Government Area of Anambra State, Ikwuka Okoye, popularly known as Anumili (pictured above), was k!lled on Friday, Feb. 6.

The attack was alleged to have been carried out by members of a rival cult group in revenge for the de@th of their leader, who was arrested and k!lled by local security operatives.

During the attack, which took place at the School Field, Ogidi, another man whose identity has yet to be ascertained was also gunned down.

The spokesman for the Anambra State Police Command, SP Tochukwu Ikenga, confirmed the incident in a press statement on Saturday.

Ikenga said the incident is allegedly linked to the recent capture and k!lling of a known notorious cultist within the community.

He said, “The Anambra State Police Command regrets the murd£r of the President-General of the Ogidi community and one other person. The incident, which occurred on the evening of February 6, 2026, at the School Field, Ogidi, is allegedly linked to the recent capture and k!lling of a known notorious cultist within the community.

“Following the report, police operatives swiftly took over the scene of the incident and commenced investigations. The command is currently working with eyewitness accounts and other available intelligence to identify and arrest the perpetrators.

“The Anambra State Police Command assures members of the public that all efforts are being intensified to bring those responsible to justice.

“Residents are urged to remain calm and cooperate with the police as investigations continue.

“Further developments will be communicated in due course.”

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Police bust syndicate behind nude photo blackmail in Lagos

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Men of the Police Special Fraud Unit (PSFU), Lagos, have apprehended three suspects who allegedly run a cyber blackmail and extortion scheme in the state.

According to the spokesperson of the unit, DSP Ovie Ewhubare, the suspects get a hold of their victims explicit photos and then threaten to release them if a ransom is not paid.

He said that the suspects, two males and a female, were apprehended after a petition was filed by a complainant who reported being repeatedly threatened by unknown individuals demanding money.

“The complainant received several phone calls in which the callers threatened to release her nude photographs to the public if she failed to pay them. Acting out of fear and emotional distress, she transferred money to the suspects.

The situation escalated when the suspects demanded an additional N10 million, prompting her to formally petition the police,” he said

The police imagemaker state dthat upon receipt of the complaint, the Commissioner of Police, PSFU, Mr Kayode Ojapinwa, ordered the immediate deployment of operatives to investigate the matter.

“The investigation led to the arrest of the three suspects. Investigations revealed that one of the suspects gained unlawful access to the complainant’s mobile device and fraudulently transferred her nude photographs to his own device. Further findings indicated that he conspired with the other suspects and other accomplices currently at large to demand and receive money from the complainant in several tranches,” he said

According to him, the suspects are currently in police custody and are expected to be arraigned before a court of competent jurisdiction.

The image maker said that investigations were ongoing to apprehend other fleeing members of the syndicate and to recover all proceeds of the alleged crime.

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Catholic Priest Collapses And D!es In Front Of Congregation While Walking To Tabernacle To Return Holy Communion

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A Catholic priest has tragically passed away after suddenly collapsing in front of the congregation during Sunday mass.

The tragic incident took place last Sunday, February 1 in Wiesmath in the district of Wiener Neustadt, Austria.

Shortly after administering Holy Communion, 59-year-old priest Raimund Beisteiner was about to return the host to the tabernacle when he “suddenly” collapsed, according to a statement from the Archdiocese of Vienna.

“Despite immediate professional assistance, he di£d in the church,” the statement said.

The mayor of Wiesmath, Erich Rasner, had also attended the Mass with many other believers and witnessed the dramatic scenes.

The shock in Wiesmath at the loss of the popular priest is great. Beisteiner had shaped the spiritual life of the parish for almost two decades and was highly regarded far beyond the community.

Rasner praised him as an “extremely conscientious, sensitive priest” and also emphasized the personal loss of a friendship that had grown over many years.

A prayer service was organized at short notice for the late priest. It was attended by numerous priests from the deanery as well as Archbishop Josef Grünwidl.

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