BREAKING: EFCC Arrests Largest Fraud Syndicate In Nigeria's History - DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
DAILY GIST
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
No Result
View All Result
DAILY GIST
No Result
View All Result

BREAKING: EFCC Arrests Largest Fraud Syndicate In Nigeria’s History

Adam PR by Adam PR
December 16, 2024
in CRIME
0
BREAKING: EFCC Arrests Largest Fraud Syndicate In Lagos
22.1k
SHARES
22.1k
VIEWS
Share on WhatsAppShare on TwitterShare on Facebook

The Economic and Financial Crimes Commission, EFCC has announced a landmark arrest of 792 suspects for alleged involvement in cryptocurrency investment fraud and romance scams.

The EFCC Director of Public Affairs, Wilson Uwujaren, made this known during a press briefing on Monday.

After months of surveillance, the suspects were arrested in a “surprise operation” at their hideout at No 7, Oyin Jolayemi Street, Victoria Island, Lagos.

This is the largest cybercrime syndicate nabbed by the anti-graft agency.

Uwujaren disclosed that the suspects include 114 Chinese nationals, 40 Filipinos, two Khazartans, one Pakistani, and one Indonesian, DAILY GIST reports

He said: “The breakthrough followed actionable intelligence and months of surveillance and monitoring the activities of the syndicate.Among the foreigners arrested are 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian”

ALSOREAD

Lagos Appoints Mandy Kiss After Failed Mission To Sleep With 100 Men In 24hrs

GWR: Mandy Kiss Backtracks On Planned Marathon S£x With 100 Men In Lagos

Lagos Govt Asked To Immediately Arrest Mandy Kiss Over Planned Marathon S£x With 100 Men

James Hope University In Lekki Gets New Vice-Chancellor

Nigerian Police Arrest ‘Obi Of Lagos’, Foil Installation Ceremony

“Investigation established that the foreign nationals use the facility at 7, Oyin Jolayemi Street, which could be mistaken for a corporate headquarters of a financial establishment to train their Nigerian accomplices on how to initiate romance and investment scams and also use the identitiesof Nigerians to perpetrate their criminal activities.”

Uwujaren said, “The breakthrough followed actionable intelligence and months of surveillance and monitoring the activities of the syndicate.Among the foreigners arrested are 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian”

“Investigation established that the foreign nationals use the facility at 7, Oyin Jolayemi Street, which could be mistaken for a corporate headquarters of a financial establishment to train their Nigerian accomplices on how to initiate romance and investment scams and also use the identitiesof Nigerians to perpetrate their criminal activities.”

The building where the suspects were arrested

He said, “All the floors are equipped with high-end desktop computers. On the 5th floor alone, investigators recovered 500 SIM cards of local telcos that were bought for criminal purposes.

“Their Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans, and several others from European countries.

“They usually arm them with desktop computers and mobile devices and create fake profiles for them.

“The Nigerian accomplices are equally provided with logs that allow them access to foreign communication lines and victims, which they chat with on WhatsApp, Instagram and Telegram.”

One of the offices in the complex where the foreigners were arrested for alleged fraud

“They are also assigned WhatsApp accounts linked to foreign telephone numbers, especially from Germany and Italy.

“Their jobs are to engage victims in romantic conversations and phantom business and investment discussions to trick them to shop on the purported online investment shopping platform called www.yooto.com. For those who show interest, activation fees for an account on the platform starts from $35USD.

“Investigation revealed that the criterion for recruiting these young Nigerians is proficiency in the use of computers, especially typing skill. Those who passed the test are given desktop computers and mobile devices and then taken through a two-week induction on how to personate foreign females in romance scam chats and convince victims to invest in their employers’ Cryptocurrency investment scam.

“Once the Nigerians are able to win the confidence of would-be victims, the foreigners would take over the actual task of defrauding the victims and proceed to block their Nigerian accomplices from the network. This would then leave them in the dark about the transaction.

“Surprisingly, the Nigerians do not know the owners of the ‘company’ they work for, as they neither get letters of appointments nor receive payment from a corporate account. Investigation revealed that they are paid either in cash or through an individual’s account.

“Further investigation is ongoing to establish the extent of the scam and the accomplices, including the likelihood of any collaboration with organized international fraud cells.

“The Commission is working closely with its foreign partners in this regard. Items recovered from the suspects include desktop computers, mobile phones, laptop computers, and cars.

“The suspects have made statements, while their systems have also been screened. They are currently being held with a valid remand warrant and will be arraigned in court in the coming days.

“What is, however, clear from this arrest is that the notion that Nigerians are behind the tonnes of frauds emanating from our country is not correct.

Foreigners are taking advantage of our nation’s unfortunate reputation as a haven of frauds to establish a foothold here to disguise their atrocious criminal enterprises.

“But, as this operation has shown, there will be no hiding places for criminals in Nigeria.”

FOLLOW US ON SOCIAL MEDIA

TWITTER — https://x.com/dailygistonline

THREADS —https://www.threads.net/@dailygistonline

FACEBOOK — https://m.facebook.com/oauvoices

INSTAGRAM —https://www.instagram.com/dailygistonline/ 

 

FOR ADVERTS, PUBLICATION AND PROMOTIONS, CONTACT DAILY GIST ON WHATSAPP – 09061956151

Share This News

Tags: EFCCFraudLagos State
Previous Post

BREAKING: Supreme Court Rules On Suit To Remove President Tinubu, Imposes N5m Fine

Next Post

BREAKING: President Tinubu Renames UNIABUJA

Adam PR

Adam PR

AdamPR is a young Blogger, Publisher, Web Designer. For Adverts and Publications, He can be reached on WhatsApp - 09061956151

Related Posts

Nigerian Soldier Sentenced To Death By Hanging
CRIME

Nigerian Soldier Sentenced To Death By Hanging

September 19, 2025
BREAKING: Sowore’s Lawyer Arrested Over Lawsuit
CRIME

Islamic Cleric Nabbed With Human Flesh In Ibadan, Makes Shocking Confession

September 18, 2025
VIDEO: Doctor Leaves Patient On Surgery To Have Quick S£x With Nurse
CRIME

Doctor Who Abandoned Patient During Surgery To Have S£x With Nurse Gets Judgement From Tribunal

September 17, 2025
Nigerian Police Arrest ‘Obi Of Lagos’, Foil Installation Ceremony
CRIME

Nigerian Police Arrest ‘Obi Of Lagos’, Foil Installation Ceremony

September 11, 2025
VIDEO: Native Doctor Caught With Used Condoms Obtained From S£x Workers, Makes Shocking Confession
CRIME

VIDEO: Native Doctor Caught With Used Condoms Obtained From S£x Workers, Makes Shocking Confession

September 7, 2025
‘If I Can’t Have You, No One Will’ – Lady Killed By Former Boyfriend In Lagos
CRIME

‘If I Can’t Have You, No One Will’ – Lady Murdered By Former Boyfriend In Lagos

September 6, 2025
Next Post
BREAKING: President Tinubu Renames UNIABUJA

BREAKING: President Tinubu Renames UNIABUJA

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

TRENDING NEWS

  • VIDEO: Man Flees For His Life After Been Caught Sleeping With Another's Man Wife

    VIDEO: Man On The Run After Been Caught Sleeping With Another’s Man Wife

    25335 shares
    Share 10134 Tweet 6334
  • Nigerian Police Arrests Man With Fresh Female Breast

    23848 shares
    Share 9539 Tweet 5962
  • VIDEO: Female Prison Officer Caught Having S£x With Inmate Inside Cell

    26476 shares
    Share 10590 Tweet 6619
  • Nigerian Banker Allegedly Films 400 Videos Of Naked Colleagues In Office Bathroom

    23552 shares
    Share 9421 Tweet 5888
  • VIDEO: Elderly Teacher Caught On Camera Sleeping With A Student Inside School Premises

    22707 shares
    Share 9083 Tweet 5677
  • Corps Members Reportedly Caught Having Sex In Orientation Camp

    22661 shares
    Share 9064 Tweet 5665
  • VIDEO: Lady Disgraced In Lekki After Being Caught Hiding Dollar Bills In Her Private Part

    22971 shares
    Share 9188 Tweet 5743
  • Youths Strip Queen Naked, Beat King, Prince During New Yam Festival In Ondo

    21489 shares
    Share 8596 Tweet 5372
  • Nigerian Lady Paraded Nak£d For Sleeping With Another Woman’s Husband

    24296 shares
    Share 9718 Tweet 6074
  • I Invited My Friend To Record – Sudent In Viral Sex Tape With Her Teacher Speaks

    21382 shares
    Share 8553 Tweet 5346

DAILY GIST reports Latest News in Nigeria and aims to keep Nigerians updated and informed with Reports and Informations in the aspect of Education, Politics, Health, Business, Technology, Jobs, Entertainment. etc

  • Home
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US
  • DESIGNED BY ADAMPR
  • Privacy Policy

DAILY GIST © 2020 | All Rights Reserved

No Result
View All Result
  • Home
  • ARTICLES
  • NEWS
  • BUSINESS
  • EDUCATION
  • ENTERTAINMENT
  • HEALTH
  • POLITICS
  • TECHNOLOGY
  • CRIME
  • METRO
  • SPORTS
  • NEWS EXTRA
  • JOBS & SCHOLARSHIPS
  • TRENDING VIDEO
  • ABOUT US
  • CONTACT US
  • PRIVACY POLICY
  • TERMS OF USAGE
  • ADVERTISE WITH US

DAILY GIST © 2020 | All Rights Reserved