Abuja - Two locals have been arrested for allegedly defrauding a foreign investor of the sum of $7,9 million in a scam.
The Economic and Financial Crimes Commission (EFCC) arrested Victor Uadiale and Captain Nnaji Everest following the scam.
EFCC added that Uadiale, the principal suspect, is the arrow head of an international syndicate versed in defrauding international businessmen seeking investment opportunities in Nigeria.
He allegedly invited the investor, a businessman from the Middle East, to invest in the flourishing oil sector in Nigeria.
Also Read: Warrant of arrest for Bauchi governorship hopeful
Using a pseudo name, Victor Emeka, he made the investor visit Nigeria and received him at the Nnamdi Azikwe International Airport, Abuja thereafter flew him in a helicopter to a destination where he reportedly met a certain Mr Grant, a member of the syndicate, who assured him of the credibility of the business arrangement, an EFCC statement read.
The statement said the investor started paying money in foreign currency into Uadiale's offshore accounts where they are laundered into various bank accounts around the globe.
A sum of $1,29 million was traced to a Barclay's Bank (United Kingdom) account of Everest, a member of Uadiale's syndicate.
Also Read: Man nabbed for impersonating Dantata family
EFCC said money was traced to Uadiale's accounts with one of the new generation banks in Nigeria and 391,93 Pound Sterling to another local bank.
“In the course of investigation, Uadiale denied meeting or transacting any business with the foreign investor.”
He was nailed by a business associate of the investor who identified him as the fraudster that duped the investor and led operatives of the EFCC to the private residence of Uadiale in Festac Town, Lagos.
Both Uadiale and Everest will soon be charged to court.
- CAJ News