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.
FEATURE: Ogun residents, waste collectors trade blames, as refuse litter environment
TIJANI ABDULKABEER, a journalist from the University of Ibadan, during a recent trip to Sango Otta, Ogun State took a look...
INVESTIGATION: How online fraudsters siphon victims’ funds through ‘SportyBet’ platform
As Nigeria transits into a cashless society, the evolution also creates opportunities for internet scammers to take advantage of unsuspecting...
SPECIAL REPORT: Enugu govt watches as waste takes over state, threatens public health, environment
In this report, Arinze Chijioke looks at how delays in evacuation of waste in Enugu State encourages indiscriminate waste disposal, its health implications, and how...
SPECIAL REPORT: Illegal miners degrade Ekiti community, engage in child labour
The activities of illegal miners in a community in Ekiti State have caused degradation of the environment, as miners engage...
SPECIAL REPORT: Inside the illegal trading of forest woods in Cross River community
“With a N20,000 bribe, an external buyer can influence the youth in host communities , Cross River State, to cut...