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

Recent Posts

‘I’m not fit to be in office after 2 accidents’: Spanish transport minister resigns after deadly train crash

Spain's transport minister Oscar Puente resigned on Tuesday, November 3, 2026, following a train crash…

41 minutes ago

NDC: Obi advised to ‘take a sleep’ over campaign exhaustion

The Nigeria Democratic Congress (NDC) has attributed concerns over the health of its presidential candidate,…

49 minutes ago

How hackers used fake job interview in $6.3bn attack ― Binance

Binance has disclosed that hackers behind the $6.3 billion attack on the cryptocurrency platform gained…

1 hour ago

5.5 million nomadic children shut out of education in Nigeria

About 5.5 million children from nomadic pastoralist, migrant fishing and migrant farming communities are out…

1 hour ago

Oil prices rise after Trump’s Republicans defeat in US midterm elections

Oil prices rose on Wednesday, November 4, 2026, as investors awaited Washington's next move in…

2 hours ago

City Boy: Taking Youth Mobilisation to Every Corner of Nigeria, By Arabinrin Aderonke

By Arabinrin Aderonke The strength of any national movement lies not only in its vision…

3 hours ago

This website uses cookies.