NSCDC Arrests Onwucheku Umeh for ₦78.3m Fraud Scheme

The Kwara State Command of the Nigeria Security and Civil Defence Corps (NSCDC) arrested Onwucheku Odum Umeh, 33, on October 15, 2026, in Ikeja, Lagos State, for allegedly committing an investment fraud amounting to ₦78,360,709. Six investors reportedly lost their funds to a scheme operated via the PXES platform, which became inaccessible, preventing them from retrieving their investments.

NSCDC spokesperson Ayoola Michael Shola confirmed the arrest, stating it followed intelligence gathering and investigations initiated after a complaint was received on September 19, 2026. Preliminary findings traced the account used for the investments to Umeh.

Investigators also linked the PXES platform to Ragekay Global Investment Limited, with a significant portion of the funds traced to the company's account. Umeh identified Khadijat Mamma Yahaya as the person who introduced him to the investment scheme.

The NSCDC urged affected investors to provide documentation to assist in the investigation. Ongoing investigations aim to determine the full extent of the fraud and any additional individuals involved.