Nigerian authorities dismantle a fraud hub targeting victims with fake cryptocurrency schemes and online romance scams.
Nigerian Crypto Fraud Hub Exposed
Nigeria’s Economic and Financial Crimes Commission (EFCC) arrested 792 suspects on December 10 in Lagos, targeting a building believed to be a hub for global crypto-romance scams.
International Victims Targeted
The operation in the seven-story Big Leaf Building uncovered a call center where fraudsters lured victims from the Americas and Europe through platforms like WhatsApp and Instagram. Victims were deceived with fake cryptocurrency investment schemes after being seduced online.
Diverse Network of Fraudsters
The suspects included 148 Chinese and 40 Filipino nationals, alongside Nigerian accomplices who initiated contact with victims. According to EFCC spokesperson Wilson Uwujaren, foreign operatives took over once victims were persuaded, executing the scams.
Seized Evidence and Next Steps
Authorities confiscated computers, phones, and vehicles during the raid. Uwujaren stated that the EFCC is collaborating with international agencies to investigate potential links to organized crime.
Growing Threat of Romance Scams
This case highlights the increasing use of online romance tactics to exploit victims financially. Fraudulent cryptocurrency schemes have become a favored method, targeting individuals worldwide.
Disclaimer:
The information provided on 13Desk is for informational purposes only and should not be considered financial advice. We strongly recommend conducting your own research and consulting with a qualified financial advisor before making any investment decisions. Investing in cryptocurrencies carries risks, and you should only invest what you can afford to lose. 13Desk is not responsible for any financial losses incurred from your investment activities.
