“The information was then used to fraudulently wire funds into newly created business bank accounts tied to the fraudulently created business.” Nigeria
The Economic and Financial Crimes Commission has arrested one Emmanuel Oluwatosin, who is on the wanted list of the FBI, as well as four officials of Sabon Birni Local Government Area of the state.
“The information was then used to fraudulently wire funds into newly created business bank accounts tied to the fraudulently created business. The proceeds were then converted into cryptocurrency, Bitcoin precisely,” he said. “Preliminary investigation, so far, revealed that about N1.5 billion passes through Oluwatosin account and we have also traced the sum of N70 million he invested,” he added.
“Investigations commenced by a team of operatives dispatched, which resulted in the recovery of several documents and arrest of the said officials.
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