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EFCC Arrests Billionaire For Alleged Internet Fraud, Money Laundering In Abuja

Items recovered from him include a sum of 2,200 dollars, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra

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Abuja, Nigeria– The Economic and Financial Crimes Commission (EFCC) has arrested billionaire Hyginus Nkwocha in connection with alleged internet fraud and money laundering activities.

In a statement released on Thursday, the EFCC’s spokesman, Dele Oyewale, confirmed that Nkwocha was apprehended on Wednesday in Abuja.

Oyewale said the suspect, 35, was arrested at Ever Green Estate, Lugbe, Abuja, following intelligence about his suspected involvement in internet fraud and money laundering.

According to the statement, “Items recovered from him include a sum of 2,200 dollars, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, and a MacBook.

“Other items recovered include a gold chain and pendant, a gold bracelet, a gold neck chain, Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang car.

“Also recovered are some properties at Cookies Court 2, located in Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State,” he stated.

Oyewale added that investigations were still ongoing and the suspect would be charged to court as soon as investigations were concluded.

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