FBI List: EFCC Arrests Fraudster Emmanuel Oluwatosin, Discovers N1.4 Billion In His Account

September 6, 2019
361 Views

The Economic and Financial Crime Commission (EFCC) in collaboration with the United States’ Federal Bureau of Investigation (FBI) recorded a major breakthrough following the arrest of Emmanuel Adedeji Oluwatosin, one of the 80 Nigerians indicted by the US government over $46 million fraud and money laundering case.

Oluwatosin He was paraded in Sokoto State on Thursday, 5th September 2019, following his arrest in Kaduna State.

The Zonal Head, Abdullahi Lawal disclosed that two cars; Mercedes Benz E550, Mercedes Benz C450, an IPhone, laptops, modem and SIM card were seized from his residence.

Mr Lawal added that the suspect and his accomplices both in Nigeria and overseas, acquired retirement account information (RAI) and personally identifiable information (PII) 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 cryptocurrency.

He said the 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 the sum of N70 million he invested somewhere. Efforts are on to recover the money.

You may be interested

Man City Suffer Double Injury Setbacks
Sports
2 views
Sports
2 views

Man City Suffer Double Injury Setbacks

Webby - November 2, 2024

Manchester City manager Pep Guardiola has provided an update on the fitness of John Stones and Ruben Dias following Saturday’s…

Former Flying Eagles Star Escapes Major Injury In Belgium
Sports
Sports

Former Flying Eagles Star Escapes Major Injury In Belgium

Webby - November 2, 2024

Nigeria winger Yira Sor is expected to return to action after the international break, reports Completesports.com.Sor sustained an injury in…

Raphinha: I Decided To Remain At Barca To Prove Doubters Wrong
Sports
1 views
Sports
1 views

Raphinha: I Decided To Remain At Barca To Prove Doubters Wrong

Webby - November 1, 2024

Barcelona star Raphinha says his decision to remain with the club is meant to prove doubters wrong.Recall that the Brazilian…

Leave a Comment

Your email address will not be published.