Hundreds arrested in Nigerian fraud bust targeting victims globally

In a sweeping raid, Nigerian authorities arrested nearly 800 suspects linked to a sophisticated fraud operation targeting victims worldwide with false cryptocurrency schemes and romantic scams.

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Nigerian authorities have arrested 792 people in connection with an elaborate scam operation based in Lagos. The suspects, including 148 Chinese and 40 Filipino nationals, were detained during a raid on the Big Leaf Building, a luxury seven-storey complex that allegedly housed a call centre targeting victims in the Americas and Europe.

The fraudsters reportedly used social media platforms such as WhatsApp and Instagram to lure individuals with promises of romance or lucrative investment opportunities. Victims were then coerced into transferring funds for fake cryptocurrency ventures. Nigeria’s Economic and Financial Crimes Commission (EFCC) revealed that local accomplices were recruited to build trust with targets, before handing them over to foreign organisers to complete the scams.

The EFCC spokesperson stated that agents had seized phones, computers, and vehicles during the raid and were working with international partners to investigate links to organised crime. This operation highlights the growing use of sophisticated technology in transnational fraud, as well as Nigeria’s commitment to combating such criminal activities.