EFCC arrests man over $200,000 cryptocurrency scam

Operatives of the Economic and Financial Crimes Commission, EFCC, Lagos Zonal Command, have arrested one Precious Ofure Omonkhoa for an alleged bitcoin investment scam, TopNaija reports.

Omonkhoa was arrested on November 8, 2021 in the Ikoyi area of Lagos, following credible intelligence received by the Commission about his illegal activities.

A statement released by the antigraft agency says Omonkhoa allegedly posed as Moshem Cnich, a Swedish national, to defraud unsuspecting victims of their hard- earned money by claiming that he runs a bitcoin scheme, where people invest money to make huge returns.

”Preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.

Upon his arrest, the suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000USD (One Hundred and Fifty Thousand United States Dollars) through bitcoin from CASA-Cubana, a project being run by the Cubana Group.

Upon his arrest, the sum of $50,000USD was found in his bitcoin wallet.”the statement read

The suspect will soon be charged to court.

TopNaija recalls that  EFCC had, a few days ago, invited Obi Cubana to its head office to answer some questions which the agency classified as tax fraud and money laundering but declined to give specifics, apparently to avoid jeopardising the probe.