The Economic and Financial Crimes Commission said it traced over $300,000 laundered to a suspected internet fraudster.
A statement by the spokesperson for the EFCC on Tuesday in Abuja, Dele Oyewale, said the suspect was among the 35 suspects arrested Sunday in Auchi area of Edo State.
Mr Oyewale said the arrest was sequel to credible intelligence that linked the suspects to fraudulent internet activities.
He said investigations revealed that the suspect collected and laundered over $300,000 for his syndicate members who were at large.
He said, “Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud. He will be charged to court as soon as the investigation is concluded.’’
