WATCH THE VIDEO HERE No fewer than 26 exotic cars and others have been seized as the Economic and Financial Crimes Commission (EFCC) arrested 120 suspected internet fraudsters in raids at various locations in Lagos State. Spokesperson for EFCC, Dele Oyewale said the suspects comprise 95 males and 25 females were arrested by operatives of the Lagos Zonal Directorate 1 of EFCC. According to him, the suspects were arrested on Monday, May 19, 2025, following credible intelligence and thorough surveillance regarding their alleged involvement in internet-related fraud. Don’t miss out on any real-time information. Join our WhatsApp group to stay updated. .. He listed items recovered during the coordinated operation include 26 exotic cars and expensive jewelries, smartphones, laptops and several incriminating documents. “The suspects are currently undergoing further investigation and will be arraigned in court upon the conclusion of the investigation,” Oyewale said in the statement. Meanwhile, on Friday, the anti-graft agency arrested Bashir Bello Ibrahim, a former Kaduna State government contractor and Chief Executive Officer of Formal Act Legacy Limited, over an alleged N30bn fraud involving multiple victims and fictitious contracts. According to the EFCC, Ibrahim was arrested by operatives of the Kaduna Zonal Directorate following no fewer than 251 petitions from individuals accusing him of impersonation and large-scale fraud. The EFCC said although his previous contract with the Kaduna State government had been terminated in October 2023, Ibrahim allegedly continued to parade himself as a consultant for all 23 local government areas in the state and for the United Charity Foundation, falsely claiming affiliations with the Sustainable Development Goals Office. “He falsely claimed to have a 2020 Memorandum of Understanding (MoU) with the Kaduna State Government to source intervention grants from global donor agencies to fund LGA projects,” the statement read. Investigations, however, revealed that the MoU was revoked by the state government due to non-performance and breach of terms. Despite this, Ibrahim allegedly proceeded to award fake contracts, convincing victims—mostly contractors—to supply construction materials, hospital equipment, drugs, and other health-related products, which he claimed were for LG projects. “After taking delivery of the supplies, he warehoused them without informing the LGAs, failed to pay the contractors, and went as far as selling some of the items,” the Commission said. Items recovered during the EFCC’s operation include Toyota Hilux vans, ambulances, buses, dispatch motorcycles, generators, and a large cache of drugs and medical equipment. Many of the medicines, which include syrups, tablets, capsules, and consumables such as gloves and syringes, were found stored in poor conditions. .. ... ... ... Join Our Social Media Channels:
26 exotic cars and others seized as EFCC arrests 120 including 25 females for internet fraud in Lagos (Photos)
