By Our Correspondent
In a massive operation, the Economic and Financial Crimes Commission (EFCC) apprehended 792 individuals in Lagos for their involvement in cryptocurrency and romance scams.
The arrests, carried out at a seven-story building on Victoria Island, mark the EFCC’s largest single-day operation targeting such activities.
The suspects include Nigerians and foreign nationals—114 Chinese, 40 Filipinos, two from Kazakhstan, one Pakistani, and one Indonesian.
The building served as a base for training Nigerians to execute romance and investment scams.
Equipped with advanced desktop computers, the suspects operated fake profiles and communicated with victims globally, particularly in the United States, Canada, Mexico, and parts of Europe.
Over 500 Nigerian SIM cards and devices linked to international phone numbers were recovered.
The operation revealed that victims were lured into fake investment schemes, with activation fees starting at $35.
The suspects remain in custody under valid remand warrants and are set to face charges soon.
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