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EFCC Arrests 792 Crypto Fraudsters in Lagos – Largest Single-Day Operation

The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 people involved in alleged cryptocurrency fraud in what is being described as its largest single-day operation to date.

Addressing a press conference on Monday, Wilson Uwujaren, the spokesperson for the EFCC, revealed that the arrests took place at a seven-story building located in Victoria Island, Lagos.

According to Uwujaren, the suspects include a mix of foreign nationals and locals, comprising:

114 Chinese nationals

40 Filipinos

Two Kazakhstani citizens

One Pakistani

One Indonesian

The EFCC noted that the suspects were apprehended as part of ongoing efforts to combat financial crimes, including the rising prevalence of cryptocurrency-related scams in the country.

Further details regarding the operation and the charges against the suspects are expected as investigations continue. The EFCC reiterated its commitment to upholding financial transparency and cracking down on illegal activities in Nigeria's cyber and financial spaces.