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EFCC raids automobile shop run by internet fraudsters, seize 29 cars

Valentine Chinyem



The Lagos office of the Economic and Financial Crimes Commission (EFCC) have seized 29 exotic from a Lagos-based car dealer, Astrax Auto Shop.

The anti-graft agency conducted the raid yesterday following intelligence report on the activities of the operators of the auto dealers, who were alleged to be a syndicate of organized internet fraudsters.

This was made known in a statement by Mr. Tony Orilade, EFCCs acting spokesperson.

Accorsing to him, investigation into the activities of the syndicate, which specialized in Business Emails Compromise, (BEC) in the United States of America (USA) showed that they usually moved proceeds of their alleged illicit business to a nominated bank account owned by their moles in the U.S.

He said members of the syndicate launder the proceeds through money order, which are thereafter used to purchase cars in American auctions before shipping them to Nigeria for sale.

The EFCC had earlier arrested one of the syndicate members, Olusegun Michael Adeyemi.

In his statement to the EFCC, Adeyemi said one Tayo Onilogbo Yusuf is the Managing Director of Astrax Autos and Automobile.

The cars recovered by the EFCC include: Toyota Corolla (4); Toyota Camry (7); Toyota Highlander (2); Toyota Venza (2); Range Rover (2); Ford SUV (1); Mercedes Benz (3); Toyota 4runner (1); Toyota Sienna (1); Honda Accord (4); Toyota Sequoia (1) and Kia (1).