The Economic and Financial Crimes Commission (EFCC) has uncovered a money laundering scheme involving over $300,000 traced to a suspected internet fraudster recently apprehended in Auchi, Edo State.
In a statement issued on Tuesday in Abuja, EFCC spokesperson Dele Oyewale confirmed that the suspect was one of 35 individuals arrested on Sunday during a sting operation based on credible intelligence linking them to cybercrime activities.
“Investigations so far revealed that the suspect laundered over $300,000 on behalf of his syndicate members, who are currently at large,” Oyewale said.
Further findings by the anti-graft agency also indicate the suspect’s involvement in both investment and banking fraud schemes.
The EFCC noted that the suspect will be formally charged to court upon conclusion of ongoing investigations.
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