N2.05b fraud: 4 undergraduates, bureau de change operators arrested by the EFCC (PICTURED)

by ‘Jola Sotubo


Four persons have been arrested by the Economic and Financial Crimes Commission (EFCC) for perpetrating fraud to the tune of N2.05 billion.

Salihu Liman Mahmoud and Dan Asabe Ibrahim, both bureau de change operators and two University of Jos undergraduates, Isaiah Friday and Azzaior Samuel, were apprehended by agents of the anti-graft body over the alleged fraud.

The fraudsters, who reportedly specialize in breaking into the computer data base of financial institutions, in order to carry out dry posting of funds, were arrested in Lagos State and Jos, the Plateau State capital.

Meanwhile, the EFCC has so far been able to recover the sum of $2,129,900 and another N134,542,720 million from the fraudsters.

Other items recovered included furniture worth N10 million from Salihu Liman’s one bedroom apartment in Yaba, Lagos State, four vehicles, landed properties in Kano and Kaduna and a four bedroom duplex worth N45 million in Lagos.

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