Metro
EFCC arrests man over alleged Bitcoin investment scam in Lagos
The Economic and Financial Crimes Commission, (EFCC) has arrested one Precious Ofure Omonkhoa over an alleged Bitcoin investment scam in Lagos.
The EFCC’s Head of Media and Publicity, Wilson Uwujaren, who disclosed this in a statement sent to Ripples Nigeria on Friday, said Omonkhoa was arrested in the Ikoyi area of the state on November 8.
According to Uwujaren, the suspect alleged posed as Moshem Chich, a Swedish national, to defraud unsuspecting victims of their hard-earned money.
The statement read: “The suspect was arrested following credible intelligence received by the commission about his illegal activities.
READ ALSO: EFCC arraigns man for alleged N70m fraud
“Omonkhoa claimed that he runs a Bitcoin scheme, where people invest money to make huge returns. Preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.
“Upon his arrest, the suspect confessed that he laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000 through Bitcoin from CASA-Cubana, a project being run by the Cubana Group.
“The sum of $50,000 was also found in his Bitcoin wallet. The suspect will soon be charged to court.”
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.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...