The Economic and Financial Crimes Commission (EFCC) has arrested billionaire Hyginus Nkwocha for alleged internet fraud and money laundering in Abuja. According to EFCC spokesman Dele Oyewale, Nkwocha was apprehended on Wednesday at Evergreen Estate, Lugbe, following intelligence regarding his suspected involvement in these crimes.
During the arrest, the EFCC recovered various items, including $2,200 in cash, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, and a MacBook. Additional luxury items seized included a gold chain and pendant, a gold bracelet, a gold neck chain, as well as several high-end vehicles: a Mercedes Benz ML350, a Chevrolet Camaro, and a Mustang.
The commission also confiscated properties linked to Nkwocha, including locations at Cookies Court 2 in Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and another property at Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.
Oyewale stated that investigations are ongoing, and the suspect will be charged in court once the inquiry is completed.
