EFCC Arrests Man for $200,000 Bitcoin Fraud in Lagos, Links Him To Obi Cubana’s Company

The Economic and Financial Crimes Commission (EFCC) has arrested one Precious Ofure Omonkhoa for an alleged bitcoin investment scam.
A statement on the anti-graft agency’s website on Friday, November 12, indicates that Omonkhoa was arrested on Monday, November 8 in the Ikoyi area of Lagos, following credible intelligence received about his illegal activities.

The arrested suspect allegedly posed as Moshem Cnich, a Swedish national, to defraud unsuspecting victims of their hard- earned money by claiming that he runs a bitcoin scheme, where people invest money to make huge returns.

The EFCC said its preliminary investigation also revealed that the suspect engaged in a dating scam and had defrauded two victims in Canada.

Suspects confesses, $50,000 was found in bitcoin wallet.

Upon his arrest, Omonkhoa reportedly 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.

Upon his arrest, the sum of $50,000 was found in his bitcoin wallet.

The EFCC said it will soon charge the suspect to court.

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