At least sixteen persons have been arrested for financial fraud to the tune of N3.9 billion.
The suspects were apprehended by the Nigeria Police Force National Cyber Crime Centre over the fraud against a leading African digital commerce platform, Interswitch Limited.
The sum of N3.9bn cash and properties had so far been recovered from the suspects, with efforts ongoing to recover more.
The Department of State Services’ spokesperson, Peter Afunanya, announced the development at the Strategic Communications Interagency Policy Committee joint press briefing in Abuja on Monday.
According to him, the centre made the arrest and recovery following a petition from Interswitch Limited regarding a glitch on its financial portal.
He added that eight of the suspects had been convicted
Afunanya said, “ The Nigeria Police Force National Cyber Crime Centre tackled a massive financial fraud case, acting on a petition from Interswitch Limited regarding a glitch on its financial portal.
“The swift response led to the arrest of over 16 suspects, eight of whom have been convicted. The operation recovered over N3.9bn in cash, properties, and vehicles, with ongoing efforts to recover additional looted funds.”
Further reading out the police success, Afunanya also said the police in Taraba arrested a notorious kidnapper and recovered arms and ammunition from him.
He said, “In a parallel operation, the Special Anti-Kidnapping Squad of Taraba State command arrested a notorious kidnapper, seizing three AK-47 rifles, four magazines, 19 rounds of live ammunition, 23 expended rounds, and five solar panels from his premises.”
He added that the police foiled a kidnap attempt and killed nine kidnappers.
Afunanya said, “Similarly, on July 4, 2024, the Lagos State Command operatives thwarted an attack by a notorious kidnapping gang. In a fierce gun battle, nine kidnappers were neutralised, and significant weaponry, including four AK-47 rifles, four locally-made semi-automatic pistols, nine AK-47 magazines, three walkie-talkies, a PoS machine, a loudspeaker, and two operational vehicles were recovered. Investigations continue to apprehend the fleeing suspects.
“In another notable case, on April 24, 2024, 18-year-old Mallam Adamu Adamu was rescued from captivity in Kasda, Jakusko LGA, Yobe State.”
Police operatives raided the gang’s enclave, arresting three suspects and recovering two AK-47 rifles and a magazine with 26 rounds of live ammunition. The suspects will be charged to court following the investigation’s conclusion.”