Precious Ofure Omonkhoa has been arrested by the Economic and Financial Crimes Commission (EFCC) for an alleged bitcoin investment fraud.
The arrest was reported by Wilson Uwujaren, the Head of Media, in a statement on Friday.
He said Precious was apprehended in Lagos’ Ikoyi neighborhood after reliable intelligence regarding his illicit operations.
Precious allegedly pretended to be a Swedish national named Moshem Cnich in order to swindle unsuspecting individuals.
The suspect claimed to be the owner of a bitcoin scam in which people deposit money in the hopes of making large profits.
Preliminary investigation, Uwujaren noted, revealed that Precious engaged in a dating scam and had defrauded two victims in Canada.
“The suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000 through bitcoin from CASA-Cubana, a project being run by the Cubana Group”, he said.