Police Arrest Two in N713.9m Fraud Investigation

The Nigeria Police Force's Special Fraud Unit (PSFU) has uncovered a sophisticated fraud syndicate responsible for diverting N713.9 million from customs accounts. Following a complaint from a financial institution regarding unauthorized debit links and security breaches associated with a third-party platform, the PSFU deployed advanced digital forensic techniques.

Their investigation revealed that at least 15 customs accounts were compromised, with stolen funds funneled through multiple accounts to launder the money. The operation led to the arrest of two suspects, identified as Oguntoyinbo Olawal and Kazeem Omokayod.

Further investigations indicated that the suspects allegedly conspired with a Chinese national named Linda, who is currently identified as a major perpetrator of the fraud syndicate in the U.S. The suspects are currently in custody and will be arraigned in court with efforts intensifying to apprehend additional members of the syndicate.