Crimes

EFCC arrests wanted suspect for N2bn fraud in Lagos

The operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested an unlicensed foreign exchange dealer, Chike Nosa Agada, for an alleged N2 billion fraud.

Agada, a 37-year-old native of Udi Local Government Area of Enugu State, was declared wanted by the EFCC on Wednesday, October 11, 2023, for obtaining money by false pretence and stealing to the tune of N2 billion.

Confirming his arrest, the EFCC spokesperson, Dele Oyewale, said the suspect was arrested at a residence in the Ikoyi area of Lagos on Monday, October 16, 2023, during a sting operation by operatives of the anti-graft agency, following credible intelligence linking him to the alleged fraud.

READ ALSO: POS agents steal employer’s N942m in Lagos

Oyewale stated that a mobile device was recovered from the suspect.

He added that Agada will be charged to court upon the conclusion of investigations.

The Star

Segun Ojo

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