Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a suspected internet fraudster in Lagos for allegedly running a scheme involving the purchase and use of bank accounts to scam unsuspecting victims.
The suspect, identified as Olawole Sunday, was apprehended by the EFCC’s Benin Zonal Directorate. According to investigations, Sunday specialized in convincing individuals to open multiple bank accounts, which he then bought for between ₦25,000 and ₦50,000—depending on the account type—along with the associated ATM cards.
Authorities revealed that Sunday used these accounts as channels for fraudulent activities, including impersonation and online scams. One such account, belonging to a certain Uyi Godstime Eghosa, was reportedly used to defraud victims under the pretense of offering forex trading services.
Following his arrest, Sunday reportedly confessed to the crime. The EFCC stated that he will be formally charged in court upon the conclusion of their investigation.
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