The Economic and Financial Crime Commission (EFCC) in collaboration with the United States’ Federal Bureau of Investigation (FBI) recorded a major breakthrough following the arrest of Emmanuel Adedeji Oluwatosin, one of the 80 Nigerians indicted by the US government over $46 million fraud and money laundering case.
Oluwatosin He was paraded in Sokoto State on Thursday, 5th September 2019, following his arrest in Kaduna State.
The Zonal Head, Abdullahi Lawal disclosed that two cars; Mercedes Benz E550, Mercedes Benz C450, an IPhone, laptops, modem and SIM card were seized from his residence.
Mr Lawal added that the suspect and his accomplices both in Nigeria and overseas, acquired retirement account information (RAI) and personally identifiable information (PII) of multiple persons which they fraudulently used to wire funds into newly created business bank accounts tied to the fraudulently created business. The proceeds were then converted into cryptocurrency.
He said the preliminary investigation had so far revealed that about N1,437,889,157.15 passed through the suspect’s accounts and the commission has also traced the sum of N70 million he invested somewhere. Efforts are on to recover the money.