EFCC Traces Over $300,000 To Arrested Fraudster

The Economic and Financial Crimes Commission (EFCC) has traced money laundering activities above $300,000 to a suspected internet fraudster. The suspect was among the 35 picked up on Sunday, May 4, 2025, in Sabo Iyako area of Auchi, Edo State, by the commission, following credible intelligence that linked them to fraudulent internet activities. As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 for his syndicate members who are at large. Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud. EFCC spokesperson, Dele Oyewale, said he will be charged in court as soon as the investigation is concluded.