The Economic and Financial Crimes Commission (EFCC) has arrested billionaire Hyginus Nkwocha for alleged internet fraud and money laundering in Abuja.
In a statement released on Thursday, EFCC spokesman Dele Oyewale confirmed that Nkwocha, 35, was apprehended on Wednesday at Ever Green Estate in Lugbe, Abuja, following intelligence reports regarding his suspected involvement in internet fraud and money laundering.
During the arrest, the authorities recovered several items, including $2,200 in cash, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, and a MacBook.
Additionally, they seized various luxury items such as a gold chain and pendant, a gold bracelet, a gold necklace, a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang.
Properties linked to Nkwocha were also confiscated, including those located at Cookies Court 2 in Ocean Palm Estate, Ajah, Lagos; Unit C8 on Lugbe Airport Road in Abuja; and Cookies Court 2 on 2nd Avenue in Ocean Palm Estate, Ogombo, Lagos State.
Oyewale stated that investigations are ongoing, and the suspect will be charged in court once the investigation is concluded.
