RismadarVoice Reporters
August 25, 2026
The Economic and Financial Crimes Commission, EFCC, has commenced investigations into a 38-year-old man, Raheem Abiodun Wasiu, over an alleged 12-thousand-dollar fraud involving Bureau de Change operators in the South-East.
Wasiu was arrested by operatives of the Nigeria Security and Civil Defence Corps following a complaint by a BDC operator, Ezekulie Stanley Chukwumuanya, who alleged that the suspect defrauded him of 5-thousand dollars.
According to the EFCC, preliminary investigations indicate that the suspect allegedly rented Toyota Hilux trucks, posed as a wealthy contractor and moved with escorts before approaching BDC operators and presenting fake naira transfer alerts after collecting their dollars.
Another petitioner, Chief Nwaoha Ubaferem from Owerri, Imo State, alleged that the suspect defrauded him of 7-thousand dollars using a similar method.
The EFCC said further investigations revealed that Wasiu had allegedly used the same pattern to defraud BDC operators in parts of the South-East and Akwa Ibom State.
Items recovered from the suspect include a Toyota Hilux truck, bank ATM cards, transfer tokens, identity documents bearing different names, mobile phones, a designer bag, wristwatch, gold bangle and vehicle documents.
The Commission says the suspect will be charged in court after the conclusion of investigations.
