The Economic and Financial Crimes Commission (EFCC), Sokoto Zone, has arrested a suspect, Emmanuel Adedeji Oluatosin, identified in an ongoing computer intrusion investigation in the United States.
EFCC Sokoto head Abdullahi Lawal, while parading the suspect in Sokoto on Thursday, described his arrest as a big success.
He explained that the suspect, aged 31, was arrested after he was traced to a luxury house located in Kaduna, believed to be part of proceeds of his alleged fraud.
Lawal added that the suspect and his accomplices both in Nigeria and abroad acquired Retirement Account Information (RAI) and Personal Identifiable Information (PII) of multiple victims.
“The information was then used to fraudulently wire funds into newly-created business bank accounts tied to the fraudulently created business. The proceeds were then converted into crypto currency, Bitcoin precisely. The suspect and his cohorts were identified in an ongoing computer intrusion investigation in the United States.
Lawal listed items recovered from his residence as one unit of E550 Mercedes Benz and one unit of C450 Mercedes Benz, an iPhone, laptops, modem and sim cards, all believed to be proceeds of fraud.
He said preliminary investigation had so far revealed that about N1,437,889,157.15 passed through the suspect’s bank accounts, adding that the Commission had also traced the sum of N70 million he invested, as efforts are ongoing to recover the money.