December 18, 2024
EFCC Arrests 193 Foreign Nationals and 599 Others in Lagos Over Alleged Cryptocurrency Fraud, Romance Scams
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EFCC Arrests 193 Foreign Nationals and 599 Others in Lagos Over Alleged Cryptocurrency Fraud, Romance Scams

EFCC Arrests 193 Foreign Nationals and 599 Others in Lagos Over Alleged Cryptocurrency Fraud, Romance Scams

The Economic and Financial Crimes Commission (EFCC) has arrested 792 suspects linked to cryptocurrency investment fraud and romance scams in a major operation in Lagos. The suspects were apprehended on December 10, 2024, at the Big Leaf Building, a seven-storey complex on Oyin Jolayemi Street, Victoria Island.

EFCC’s Director of Public Affairs, Wilson Uwujaren, disclosed this during a press briefing on Monday, stating that the arrest followed months of surveillance based on actionable intelligence. Among the suspects are 148 Chinese nationals, 40 Filipinos, two Kharzartans, one Pakistani, and one Indonesian.

Also Read: EFCC Recovers 753 Abuja Properties in Largest-Ever Seizure

Investigators found high-end desktop computers on all seven floors of the building, allegedly used for fraudulent activities. Uwujaren revealed that 500 SIM cards from local telecom providers were recovered on the fifth floor alone, believed to be used for criminal purposes.

The EFCC described the operation as a significant step in its ongoing efforts to combat financial crimes in Nigeria and pledged to intensify its fight against cybercrime.

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