The Economic and Financial Crimes Commission (EFCC) has traced a significant amount of over $300,000 to a suspected internet fraudster. This is part of the ongoing efforts to combat money laundering and online scams. The commission discovered the laundered money while investigating the suspect’s activities.

The EFCC acted on credible intelligence and carried out an operation on Sunday, May 4, 2025. The operation led to the arrest of 35 individuals, including the suspected fraudster, in the Sabo Iyako area of Auchi, Edo State. The authorities linked the suspects to various fraudulent online activities, which led to their arrest.

‘’As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large. Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.”

The EFCC has stated that the arrested suspect will be taken to court once the investigation is completed. The commission has been working diligently to gather evidence and hold the suspect accountable for their actions.