The Economic and Financial Crimes Commission (EFCC) has arrested billionaire Hyginus Nkwocha in Abuja on suspicion of involvement in large-scale internet fraud and money laundering. Nkwocha, 35, was apprehended on Wednesday at Ever Green Estate in Lugbe, following intelligence reports that linked him to fraudulent activities.
In a statement released on Thursday, EFCC spokesperson Dele Oyewale confirmed the arrest and detailed the items recovered during the operation. Authorities seized $2,200 in cash, high-end electronics including an iPhone 15 Pro Max, Samsung Galaxy S24 Ultra, Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, and a MacBook. Additionally, luxury items such as a gold chain and pendant, a gold bracelet, and a gold neck chain were confiscated.
Nkwocha’s collection of luxury vehicles, including a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang, was also impounded. Further investigations led to the seizure of properties in Abuja and Lagos, notably at Cookies Court 2 in Ocean Palm Estate, Ajah, and Lugbe Airport Road.
The EFCC is continuing its investigation, and Nkwocha is expected to face charges in court upon its conclusion.
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