News
EFCC arrests billionaire for alleged internet fraud
The Economic and Financial Crimes Commission (EFCC) has arrested a billionaire, Hyginus Nkwocha, for alleged internet fraud and money laundering in Abuja.
The EFCC’s 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 about his suspected involvement in internet fraud and money laundering.
READ ALSO: EFCC arraigns man for alleged N600m, $50,000 investment fraud in Lagos
“Items recovered from him include a sum of $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 recovered include a gold chain and pendant, a gold bracelet, a gold neck chain, a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang car.
“Also recovered are some properties at Cookies Court 2, located in 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 whole process.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
SPECIAL REPORT: In Sokoto, classrooms overtaken by goats, reptiles, as insecurity, lack of teachers, govt inaction push children out of school
SHEHU MUHAMMAD SHEHU reports on how insecurity, government inaction and lack of qualified teachers has significantly forced up the number...
INVESTIGATION: Abia residents in pains, as contractor abandons erosion control project after collecting N185m
Fresh from fashion school in 2022, Onuka Kalu planned to convert one of his father’s two shops, where he formerly...
Trump halts $50m Gaza aid, cites ‘condoms in Gaza’ claim
In a sweeping move to reassess U.S. foreign aid spending, President Donald Trump has frozen a $50 million assistance package...
INVESTIGATION: In Zamfara, forgotten Health Center throws community into health crisis
In the late evening of Friday, September 14, 2024, shortly after the Maghrib prayer, Bashir Muhammad, a 34-year-old father of...
INVESTIGATION: Insufficient teachers, learning materials worsen education access in Kwara communities
Qudus, a Junior Secondary School (JSS 2) pupil, would sit the Basic Education Certificate Examination (BECE) in a year to...