Nigeria’s EFCC Arrests Over 700 in Major Cryptocurrency and Romance Scam

The Economic and Financial Crimes Commission (EFCC) of Nigeria has arrested more than 700 individuals in a sweeping crackdown on a syndicate linked to cryptocurrency investment fraud and romance scams.

The operation, carried out on December 10, 2024, focused on a seven-story building known as the Big Leaf Building on Oyin Jolayemi Street, Victoria Island, Lagos.

This high-profile raid underscores the EFCC’s intensified efforts to combat cybercrime and fraudulent schemes that target victims both within Nigeria and internationally.

The EFCC has stated that investigations are ongoing and has pledged to prosecute those implicated in the illegal activities. This operation represents a significant step in Nigeria’s fight against financial crimes in the digital era.

 

 

 

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