EFCC Arrests Nigerian-American for N434m Vehicle Fraud
Adegok Oluwatobi Adam, a Nigerian-American, was arrested by the Economic and Financial Crimes Commission (EFCC) for his alleged involvement in a cross-border vehicle import fraud amounting to $320,000, approximately N434.88 million. The EFCC's Ilorin Zonal Director stated that Adam holds dual citizenship in Nigeria and the United States.
Preliminary investigations revealed that he allegedly belonged to a syndicate based in the United States that defrauded unsuspecting Nigerian buyers. Adam reportedly advertised a 2024 Mercedes Benz G63 AMG to potential buyers in Nigeria, promising to purchase and ship the vehicle.
Two victims collectively paid $320,000, with one victim paying $145,000 and another $175,000 to intermediaries. The EFCC disclosed that Adam has a prior criminal record in the United States related to the illegal acquisition of vehicles.
He was arrested upon his return to Nigeria and will be arraigned once investigations are concluded.
Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.
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