Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have apprehended Chike Nosa Agada, a 37-year-old unlicensed foreign exchange dealer, who was declared wanted by the Commission on Wednesday, October 11, 2023. Agada stands accused of perpetrating a N2 billion fraud, involving obtaining funds through false pretenses and stealing by conversion.
Agada, a native of Udi Local Government Area in Enugu State, was taken into custody at a residence in the prestigious Bourdillion area of Ikoyi, Lagos, during a meticulously executed sting operation by EFCC operatives. This arrest comes in response to credible intelligence linking him to the alleged fraudulent activities.
The suspect was declared wanted by the EFCC after it was revealed that he had allegedly duped unsuspecting victims of a staggering N2 billion through fraudulent means. It is believed that Agada had been operating without the necessary licensing and authorization, making his financial dealings all the more suspicious.
During the arrest, EFCC operatives confiscated a mobile device in Agada’s possession. The nature and contents of the device will be closely scrutinized as part of the ongoing investigation to uncover further evidence related to the alleged fraudulent activities.
The EFCC has affirmed its commitment to a thorough investigation of the case, and the findings will serve as a basis for the charges to be filed against Chike Nosa Agada. He will be presented in court as soon as the investigation is concluded, where he will face justice for the alleged N2 billion fraud.
This arrest underscores the EFCC’s relentless pursuit of individuals involved in financial crimes and its determination to bring perpetrators to justice, thereby promoting transparency and accountability in the financial sector.
