EFCC arrests wanted suspect for N2bn fraud in Lagos

Glory Ebomah

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Chike Nosa Agada, an unlicensed foreign exchange dealer, for an alleged N2bn fraud.

Agada, a 37-year-old native of Udi Local Government Area of Enugu State, was declared wanted by the commission on Wednesday, October 11, 2023, for obtaining money by false pretence and stealing by conversion to the tune of N2 billion.

Head, Media & Publicity, EFCC, Dele Oyewale, said that the suspect was arrested at a residence in the Bourdillion, Ikoyi area of Lagos on Monday, October 16, 2023 during a sting operation by operatives of the Commission, following credible intelligence linking him to the alleged fraud.

“Upon arrest, a mobile device was recovered from him,” Oyewale said.

He stated that the suspect would be charged in court as soon as investigations were concluded.

He added that following the kidnap of a man and his wife (name withheld) on 2nd August 2023, in Orerokpe and the wife was murdered by the kidnappers, while the man was also shot after they collected a ransom.

He said: “They abandoned the victim thinking he was dead. The Command has been working tirelessly to ensure that the culprits are arrested and brought to book.

“Acting on technically generated information, on 13th October er 2023, the DPO Orerokpe acting on the directive of CP Wale Abass embarked on a covert operation at Ofuoma in Ughelli North LGA and arrested three suspects who masterminded the kidnap.”

Oyewale said the operatives recovered four AK 47 rifles, one, pump-action gun, one Locally made single barrel cut-to-size pistol, 58 rounds of 7.62 live ammunitions, 13 live cartridges, five packs of improvised explosive devices, six detonators, eight empty magazines from the suspects.

Their names are James Aboyo, Solomon Gbolode, and Blessing Deco, adding that investigation is ongoing.