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EFCC nabs suspect on FBI wanted list involved in N1.4b transactions

Valentine Chinyem

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The Economic and Financial Crime Commission (EFCC), Sokoto Zonal Office in collaboration with the Federal Bureau of Investigation (FBI) recorded a major breakthrough with the arrest on August 29, 2019 of Emmanuel Adedeji Oluwatosin, who is on the wanted list of the FBI.

The Zonal Head, Abdullahi Lawal, while parading the suspect in Sokoto on Thursday, explained that he was arrested in Kaduna.

Items recovered from Oluwatosin’s residence included two cars: Mercedes Benz E550, Mercedes Benz C450; an iPhone; laptops, modem; and SIM cards.

Lawal added that the suspect and his accomplices both in Nigeria and overseas acquired Retirement Account Information and Personally Identifiable Information 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 crypto currency.

He said 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 N70 million he invested somewhere.

He said efforts are on to recover the money.