The Economic and Financial Crimes Commission (EFCC) has uncovered a money laundering trail involving over $300,000 allegedly linked to a suspected internet fraudster.
This was disclosed in a statement issued on Tuesday in Abuja by the EFCC spokesperson, Dele Oyewale. According to the commission, the suspect was among 35 individuals apprehended during a recent raid in the Auchi area of Edo State.
Oyewale said the arrest followed credible intelligence connecting the individuals to various forms of online fraud.
Preliminary investigations, he noted, revealed that the suspect allegedly facilitated and laundered more than $300,000 on behalf of syndicate members who remain at large.
“Further findings by the EFCC indicate that aside from cyber fraud, the suspect is also implicated in investment scams and banking-related fraud,” Oyewale added.
He confirmed that the suspect would be formally charged in court once the investigation is completed.