The Economic and Financial Crimes Commission (EFCC) has uncovered money laundering activities exceeding $300,000 linked to a suspected internet fraudster apprehended in Auchi, Edo State.
The suspect, identified as a key operative within an organized cybercrime syndicate, was among 35 individuals arrested on Sunday, May 4, 2025, during a sting operation in the Sabo Iyako area. The coordinated raid followed credible intelligence implicating the group in extensive internet fraud schemes.
According to findings from EFCC investigators, the suspect operated as a “picker” or “azaman”—terms commonly used in internet fraud circles to describe individuals responsible for collecting and laundering proceeds of fraud on behalf of syndicate members. Investigations confirmed that he facilitated the movement and laundering of more than $300,000 (Three Hundred Thousand United States Dollars) derived from various illicit online transactions.
Beyond cybercrime, EFCC operatives disclosed that the suspect is also implicated in investment and banking fraud, expanding the scope of financial crimes under investigation.
“The suspect played a pivotal role in handling and laundering the illicit proceeds generated by members of his network, many of whom are currently at large,” an EFCC spokesperson stated. “Our investigations have traced substantial financial flows directly linked to his activities.”
The EFCC emphasized that all suspects arrested during the operation are undergoing thorough interrogation and profiling. The Commission further assured the public that the principal suspect will face formal charges in court upon the conclusion of investigations.
This latest operation underscores the EFCC’s renewed commitment to intensifying its crackdown on cybercriminals and disrupting financial crime networks operating within and beyond Nigeria’s borders.
The Commission has reiterated its call for citizens to remain vigilant and report suspicious financial activities, affirming its determination to safeguard the integrity of the nation’s financial systems.
