192 foreigners have been arrested by the Economic and Financial Crimes Commission (EFCC) for their involvement in crypto fraud and romance scams. A large percentage of these foreigners are of Chinese origin (148), while 40 are Philipinos, 2 Khazartans, 1 Pakistani, and 1 Indonesian.
According to reports collated by NaijaEyes, these foreigners were all living in the Big Leaf Building, a seven-story edifice located at No. 7, Oyin Jolayemi Street, Victoria Island, Lagos.
EFCC carried out the operation secretly before the suspects could flee, and this operation is the largest bust in the agency’s history of apprehending suspects for financial crimes.
The agency attributed the successful bust to whistleblowing and surveillance intelligence. The arrested suspects were using the building as a legal company front while they were engaged in shady deals.
It’s also confirmed that these foreigners were training Nigerian accomplices to engage in these scams targeting vulnerable people in Europe, particularly the US and Canada.
Among the items recovered by the EFCC are 500 SIM cards belonging to telecom providers, laptops, phones, desktops, and a website ownership for www.yooto.com, where they were required to pay activation fees starting at $35 to open an account.
There have been no further reports on whether Nigerians were equally arrested alongside the foreigners, but Nigerians have taken to social media to praise the EFCC for this successful operation.
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