Home News EFCC arrest man over alleged bitcoin fraud in Lagos

EFCC arrest man over alleged bitcoin fraud in Lagos

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Precious Ofure Omonkhoa was detained by the Economic and Financial Crimes Commission’s (EFCC) Lagos Zonal Command for an alleged bitcoin investment scam.

He was apprehended in the Ikoyi area of Lagos on November 8, 2021, after the Commission obtained solid intelligence about his illegal operations.

He allegedly pretended to be Moshem Cnich, a Swedish national, in order to scam unsuspecting victims of their hard-earned money by pretending to manage a bitcoin scheme in which people deposit money in the hopes of making large profits.

A preliminary inquiry indicated that the suspect had defrauded two Canadian victims in a dating scam.

Upon his arrest, the suspect admitted to laundering the proceeds of his fraudulent activities by acquiring a $150,000 plot of land via bitcoin from CASA-Cubana, a project operated by the Cubana Group.

Also a bitcoin wallet containing $50,000 was discovered during his arrest.

According to the anti-graft agency, the suspect would be charged in court soon.

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