EFCC Arrests Wanted Suspect For N2billion Fraud In Lagos

A 37-year-old unlicensed foreign exchange dealer, Chike Nosa Agada, has been arrested by the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, for an alleged N2bn fraud.

A statement released by the EFCC says Agada, a native of Udi Local Government Area of Enugu State, was declared wanted by the Commission on Wednesday, October 11, 2023, for obtaining money by  false pretence and stealing by conversion to the tune of N2billion.

‘’He was arrested at a residence in the Bourdillion, Ikoyi area of Lagos  on Monday, October 16, 2023 during a sting operation by operatives of the Commission, following credible intelligence linking him to the alleged fraud.''

The statement adds that upon his arrest, a mobile device was recovered from him.

The agency says he will be charged to court as soon as investigations are concluded.