EFCC arrests billionaire over alleged internet fraud

The Economic and Financial Crimes Commission (EFCC) has arrested billionaire Hyginus Nkwocha on suspicion of internet fraud and money laundering in Abuja.

EFCC Head of Media and Publicity, Dele Oyewale, said in a statement on Thursday in Abuja that Nwokocha was arrested on Wednesday.

He said: “Nkwocha, 35, was arrested at Ever Green Estate, Lugbe, Abuja, following intelligence information about his alleged involvement in internet fraud and money laundering.

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“Items seized from him included $2,200, 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 found included gold chains and pendants, gold bracelets, gold neck chains, a Mercedes Benz ML 350, a Chevrolet Camaro and a Mustang car.

“Also seized were some properties at Cookies Court 2, located at Ocean Palm Estate, Ajah, Lagos, Unit C8, Lugbe Airport Road, Abuja, and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.”

Oyewale said that investigations were still ongoing and the suspect would be charged to court at the end of the entire process.

EFCC arrests billionaire over alleged internet fraud first appeared on Latest Nigeria News | Headlines from Ripples Nigeria.