The Economic and Financial Crimes Commission (EFCC) has arrested a 35-year-old man, Hyginus Nkwocha, in Abuja for alleged involvement in internet fraud and money laundering. Nkwocha, described as a ‘young billionaire,’ was arrested at Ever Green Estate in Lugbe, Abuja, based on intelligence linking him to fraudulent activities.
The EFCC seized various luxury items from the suspect, including $2,200 in cash, multiple high-end smartphones, a MacBook, gold jewelry, and luxury cars such as a Mercedes Benz ML 350, Chevrolet Camaro, and Mustang. They also recovered properties in Lagos and Abuja, including apartments in Ajah and Lugbe.
The EFCC confirmed that Nkwocha’s arrest is part of its ongoing efforts to combat internet fraud and money laundering in Nigeria. According to Dele Oyewale, Head of Media and Publicity, the suspect will be charged to court once the investigation is complete.