The Economic and Financial Crimes Commission, Lagos Zonal Command, have arrested one Precious Ofure Omonkhoa for allegedly engaging in a bitcoin investment scam, Njenje Media News reports.
He was apprehended in the Ikoyi area of Lagos , after the Commission received credible intelligence about his illegal activities.
He allegedly pretended to be Moshem Cnich, a Swedish national, in order to defraud unsuspecting victims out of their money by claiming to run a bitcoin scheme in which people invest money in order to make huge returns.
Preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.
Upon his arrest, 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.
A bitcoin wallet containing $50,000 was discovered during his arrest.
According to the anti-graft agency, the suspect will be charged in court soon.
