Abuja bizman arrested over alleged $120m fraud

The Economic and Financial Crimes Commission (EFCC) has arrested an Abuja-based businessman, Innocent Ezuma, 57, over allegations of defrauding a Ukrainian investor of more than $120 million. Ezuma was arrested at his residence in Abuja on Monday, October 19, and remains in the commission’s custody as of Tuesday. The EFCC spokesperson, Dele Oyewale, confirmed the arrest to a correspondent but declined to provide further details.

Sources claim Ezuma was being investigated for alleged advance fee fraud, criminal breach of trust, criminal conversion, obtaining money under false pretences, theft, and money laundering.

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