Nigeria’s Economic and Financial Crimes Commission (EFCC) has arrested 792 individuals in connection with an alleged large-scale crypto romance scam.
The arrests took place on December 10 at a building in Lagos, Nigeria’s largest city, suspected to be a major hub for fraudulent activities.
The detained suspects include 148 Chinese nationals and 40 Filipinos, Reuters reported, citing an EFCC spokesperson who provided updates on December 16.
The Scheme Enlisted Nigerian Accomplices
The spokesperson revealed that the scheme’s masterminds had enlisted Nigerian accomplices to lure victims online, primarily targeting people in the U.S., Canada, Mexico, and various European countries.
“Nigerian accomplices were recruited by the foreign kingpins to prospect for victims online through phishing, targeting mostly Americans, Canadians, Mexicans and several others from European countries,” the EFCC spokesperson said. Continue Reading