EFCC arrests Hyginus Nkwocha for alleged internet fraud, money laundering
The Economic and Financial Crimes Commission (EFCC) has apprehended Abuja-based billionaire Hyginus Nkwocha on charges of internet fraud and money laundering.
The arrest occurred on Wednesday at Ever Green Estate, Lugbe, Abuja, following a tip-off regarding his involvement in these illegal activities.
Dele Oyewale, the EFCC spokesperson, revealed that Nkwocha, aged 35, was found in possession of various items linked to the alleged crimes.
“These included $2,200 in cash, high-end smartphones like the iPhone 15 Pro Max and Samsung Galaxy S24 Ultra, and luxury cars such as a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang. Additionally, properties in Lagos and Abuja were also recovered”.
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Oyewale stated that investigations are still ongoing and that Nkwocha will be formally charged in court once the investigations are complete.
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