The Economic and Financial Crimes Commission (EFCC) has arrested billionaire businessman Hyginus Nkwocha in Abuja over allegations of internet fraud and money laundering.
The EFCC spokesman, Dele Oyewale, confirmed the arrest in a statement released on Thursday, noting that Nkwocha, 35, was apprehended on Wednesday at Ever Green Estate in Lugbe, Abuja.
“Mr. Nkwocha was arrested after operatives received intelligence reports about his involvement in internet fraud and money laundering,” said Oyewale.
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Among the items recovered from the suspect were $2,200 in cash, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, and a Samsung Galaxy S21 Ultra. Other items included an iPhone 13 Pro Max, a MacBook, and several luxury vehicles—specifically, a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang.
Additionally, the EFCC seized several properties belonging to the suspect, including properties at Cookies Court 2, Ocean Palm Estate in Ajah, Lagos, and Unit C8, Lugbe Airport Road in Abuja.
Mr. Oyewale emphasized that investigations are ongoing, stating, “The suspect will be charged to court as soon as investigations are concluded.”