The anti crime agency in the country; Economic and Financial Crimes Commission (EFCC) has apprehended one Precious Ofure Omonkhoa for an alleged bitcoin investment scam.
This was confirmed by the spokesman for the agency; Wilson Uwujaren earlier today.
The EFCC spokesman said Precious was nabbed in the Ikoyi area of Lagos, following credible intelligence about his illegal activities.
Precious allegedly posed as Moshem Cnich, a Swedish national, to defraud unsuspecting victims.
The suspect claimed that he ran a bitcoin scheme where people invest money to make huge returns.
Preliminary investigation, Uwujaren noted, revealed that Precious engaged in a dating scam and had defrauded two victims in Canada.
"The suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000 through bitcoin from CASA-Cubana, a project being run by the Cubana Group", he said.