Nigerian Police Arrest Seven in Online Investment Scam Syndicate Bust

The Nigerian Police Force, in collaboration with the Nation Cybercrime Center and the National Crime Agency, conducted a successful operation in Agbor, Delta State, resulting in the arrest of seven individuals involved in an online investment scam syndicate. ACP Benjamin Hundeyin revealed that the syndicate used fake social media profiles to impersonate reputable cryptocurrency traders and investment experts to deceive unsuspecting victims, particularly in the United States and the United Kingdom.

The suspects recruited and trained young Nigerians to engage in fraudulent activities, including phishing attacks. Collin Ogwuori, identified as the leader of the syndicate, managed over 500 social media accounts and coordinated spam activities to lure victims into investing in fake online platforms.

During the raid, the police recovered 26 mobile phones, 42 SIM cards, and a laptop believed to have been used in perpetrating the fraud. The investigation is ongoing, with additional arrests expected.

Inspector General of Police Kayode Egbetokun commended the collaborative efforts in combating cybercrime and protecting citizens from online financial exploitation.