The Economic and Financial Crimes Commission (EFCC) Lagos has arrested eight internet fraudster one of whom allegedly attempted to pay for a Sports Utility Vehicle (SUV) worth N44million in Bitcoin.
Our correspondent learnt that Tobiloba Aramide Ogundiyan is accused by the Advance Fee Fraud section of the anti-graft agency of committing online fraud and converting his loot to the cryptocurrency.
An EFCC source said Ogundiyan “acquired his ill-gotten wealth from internet fraud, layered it into a Bitcoin account and finally integrated it by approaching a car shop owner in Lekki to purchase a Range Rover Vela P380 2018 model worth N44,000,000 ($97,626 USD in Bitcoin) sometime in March 2021”.
Ogundiyan and seven others were arrested by the anti-graft agency on May 18, 2021 at River View Estate, Lekki, Lagos for alleged computer-related fraud.
The other suspects are Samson Alabi Afolabi; Adebayo Dolapo Olumide; Daniel Boluwatife Akinwunmi; Moses Segun; Kelechi Thankgod Felix; Adeleke Godwin Tofunmi and Adewale Dapo Victor.
The suspects were said to have been found with exhibits including electronic gadgets (handsets, laptops), exotic cars, expensive jewelleries, antiques etc
The EFCC said in the course of its investigation, it found that apart from computer-related fraud, some of the suspects had completed the three stages of money laundering i.e. placement, layering and integration.