EFCC Rearrests Mastermind Behind Cryptocurrency Investment Fraud
The Economic and Financial Crimes Commission (EFCC) has rearrested Friday Audu, who is accused of masterminding a massive cryptocurrency investment fraud and romance scam.
This operation reportedly involved 193 foreigners and numerous Nigerians, with allegations of fraud amounting to ₦3.4 billion. Audu was initially granted bail by the Federal High Court in Lagos but was rearrested shortly after stepping out of the courthouse.
The case also implicates two Chinese nationals and a company, Genting International Ltd, in a 12-count charge of cybercrime and financial fraud. The EFCC alleges that the syndicate recruited young Nigerians to pose as foreigners online, orchestrating a network of digital deception to defraud individuals and institutions worldwide.
