Crime
Lagos operation leads to arrest of foreign businessman linked to ATM fraud syndicate
The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) has arrested a 47-year-old Cameroonian businessman over an alleged N1.
The commission confirmed the arrest in a statement shared on its official X handle, @officialEFCC, on Friday.
According to the statement, the suspect was apprehended on Thursday in the Ikorodu area during a coordinated operation.
The EFCC disclosed that the suspect is part of a criminal network engaged in fraudulent financial activities across West African countries.
“The suspect is a member of a trans-border syndicate specialising in credit card fraud.
“Investigations revealed that members open bank accounts in Nigeria and obtain ATM cards along with Personal Identification Numbers.
“They then travel to neighbouring countries where they use the details to carry out unauthorised transactions on accounts with high balances,” the statement said.
The commission added that the suspect would be charged in court upon the conclusion of investigations.
It also noted that efforts are ongoing to apprehend other members of the syndicate.
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