Categories: CrimesNews

EFCC traces over $300,000 laundered money to arrested internet fraudster

The Economic and Financial Crimes Commission (EFCC) has traced money laundering activities in excess of $300,000 to a suspected internet fraudster.

The suspect was among the 35 suspects arrested by the EFCC in the Sabo Iyako area of Auchi, Edo State, on Sunday, May 4, 2025.

The EFCC spokesperson, Dele Oyewale, in a statement issued on Tuesday, May 6, said the suspects were apprehended, following credible intelligence that linked them to fraudulent internet activities.

VeryDarkMan: Allow us to do our job, EFCC warns Nigerians

Oyewale stated: “As a ‘picker’ or ‘azaman’ in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 for his syndicate members who are at large.

“Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.

“He will be charged to court as soon as investigation is concluded.”

The Star

Segun Ojo

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