Categories: News

EFCC Arrests Young Billionaire For Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested a billionaire, Hyginus Nkwocha, for alleged internet fraud and money laundering in Abuja.

This was contained in a statement on Thursday by the Commission’s spokesman, Dele Oyewale.

Oyewale added, “Nkwocha, 35, was arrested on Wednesday at Ever Green Estate, behind Millennium Estate, Lugbe, Abuja, following intelligence about his suspected involvement in internet fraud and money laundering.

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“Items recovered from him include : a sum of $2,200 (Two Thousand Two Hundred Dollars), an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, a MacBook, a gold chain and pendant, a gold bracelet, a gold neck chain, Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang car.

“Others include: some properties at Cookies Court 2, located in Ocean Palm Estate, Ajah, Lagos, Unit C8, Lugbe Airport Road, Abuja and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.

“The suspect will be charged to court as soon as investigations are concluded.”

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