- Safiu Kehinde
The Economic and Financial Crimes Commission (EFCC)has tracked $300,00 laundered money to suspected internet fraudster arrested by the anti-graft agency.
This was disclosed in a statement issued on commission’s official X handle on Tuesday.
According to the statement, the suspect was among the 35 individuals picked up during a raid in Sabo Iyako area of Auchi, Edo State, by the operatives of the commission on Sunday.
Preliminary investigation revealed that the suspect whose identity was not disclosed but known s a “picker” or “azaman” in internet fraud lingo, had collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large.
Apart from internet fraud, the EFCC also discovered that the suspect is equally involved in investment and banking fraud.
The commission vowed to charge him to court as soon as investigation is concluded.
The statement read in part; “The Economic and Financial Crimes Commission, EFCC, has traced money laundering activities in excess of $300,000 (Three Hundred Thousand United States Dollar) to a suspected internet fraudster.
“The suspect was among the 35, picked up on Sunday, May 4, 2025 in Sabo Iyako area of Auchi, Edo State by the Commission, following credible intelligence that linked them to fraudulent internet activities.
“As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large.
“Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud. He will be charged to court as soon as investigation is concluded.”