The Sokoto zonal office of the Economic and Financial Crimes Commission (EFCC), in collaboration with the Federal Bureau of Investigation, arrested Emmanuel Adedeji Oluwatosin and discovered N1 billion in his account.
The anti-graft agency, who paraded the suspect in Sokoto, said Oluwatosin was arrested in Kaduna state.
The anti-graft agency said that Oluwatosin and his accomplices acquired Retirement Account Information (RAI) and Personally Identifiable Information (PII) of multiple persons which they used to wire funds into newly-created business bank accounts.
According to the zonal head, Abdullahi Lawal, the proceeds were then converted into cryptocurrency.
The anti-graft agency said it discovered that over N1.4 billion was wired through the suspect’s accounts while he invested over N70 million elsewhere.
Lawal said efforts are on to recover the money from the suspect.
In a related development, a wanted suspect Muzakkir Muhammad also landed in the custody of the anti-graft agency, which said the suspect allegedly obtained money under false pretense and also printed fake currencies.
EFCC Nabs Suspect on FBI list, five others in SokotoThe Economic and Financial Crime Comission, EFCC, Sokoto Zonal …
According to Lawal, the suspect was reported by one of his victims, Abdullahi Ibrahim, after he had defrauded another victim, Samaila Sani, a Bureau de Change operator to the tune of $33,850.