Connect with us

Crime & Court

Bitcoin Scam: EFCC reveals how suspect duped victims from 13 countries of $382,000

Published

on

 

A 1st prosecution witness in the trial of Eze Harrison Arinze has told Justice J. K. Omotosho of the Federal High Court sitting in Abuja, how Arinze received $382,000 (Three Hundred and Eighty-Two Thousand United States Dollars) worth of bitcoins from his victims before his account was blocked by his Virtual Asset Service Provider (VASP).

The witness, Ogunjobi Olalekan, an officer of the Economic and Financial Crimes Commission, EFCC, told the court that Arinze’s victims were deceived into withdrawing their funds and depositing them into Arinze’s Bitcoin accounts, thinking that they were transacting legitimate businesses.

Arinze was arraigned on March 22, 2023, before Justice Omotosho, on five count charges bordering on obtaining by pretense and money laundering to the tune of $769,263 (Seven Hundred and Sixty-Nine Thousand, Two Hundred and Sixty Three United States Dollars).

One of the counts against him reads; “That you, Eze Harrison Arinze alias Charlotte Brain, sometime between April 2022 and December 2022, in Abuja, within the jurisdiction of the Federal High Court of Nigeria, did fraudulently impersonate one Charlotte Brain, a purported owner of Digitrades. Ltd/Digitrades. Net/Swiss-Earnings/Craystal-Trade investment platform on Telegram and in that assumed character obtained cryptocurrency worth $592,000.00(Five Hundred and Ninety-Two Thousand USD) from your victims through your bitcoins’ wallet address-333…. Domiciled with Coinbase, a Virtual Assets Service Provider (VASP) and thereby committed an offence contrary to Section 22(3)(b) Cyber Crimes (Prohibition, Prevention) Act, 2012 and Punishable under the same Act.”

Another count reads: “That you, Eze Harrison Arinze alias Charlotte Brain, while being the owner of Digitrades. Ltd/Digitrades. Net/Swiss-Earnings/Crystal-Trade, a purported investment platform on Telegram, sometime between 28th October 2022 and 7th December 2022, in Abuja within the jurisdiction of the Federal High Court, with the intent to defraud, obtained 9.771 bitcoins worth $168,000.00(One Hundred and Sixty-Eight Thousand US Dollars) transferred to your bitcoins’ wallet address 333…, domiciled with a Coinbase, a Virtual Assets Service Provider(VASP) under the pretense that the said sum is for cryptocurrency investments, which you knew to be false and thereby committed an offence contrary to Section 1(1)(a) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006 and punishable under Section 1(3) of the same Act.”

He pleaded not guilty to the charges when they were read to him.

At the resumed trial of the case, Olalekan told the court that: “We requested for users on the platform who have deposited cryptocurrency to the defendant’s account and their names were provided. About thirty persons on the platforms deposited various sums of bitcoin to the defendant’s account”.

Continuing, he explained that: “those that were identified were from thirteen different countries – the total inflow to his bitcoin wallet address based on the response was about 15.5btc valued around $382,000 (Three Hundred and Eighty-Two United States Dollars and the defendant has withdrawn about 5btc before it was blocked.”

“We got the information on these users who deposited the funds, showing their user identities, location, money deposited at different intervals, wallet addresses where these funds were sent to at different intervals”, he said.

He further stated that other vital information like “the amount they sent, dollar equivalent, email addresses of depositors, transaction identities”, were also disclosed.

Olalekan told the court that 28 out of the 30 depositors were reached through their email addresses to establish the purpose of the various sums they deposited in the defendant’s account and what they knew about “Swiss-Coin, Swiss earning, Swiss coins, and Digitrades.ltd.”

After listening to the witness testimony, Justice Omotosho adjourned the matter for continuation to June 14, 2023, and ordered the remand of the defendant in the Kuje Correctional Centre.

 

Comments

Crime & Court

FCMB staff, ex-worker remanded over alleged $25,000 cyber fraud

Published

on

A Federal High Court in Lagos has ordered the remand of a Service Administrator with First City Monument Bank Plc, Gideon Bakpa Aghogho, and a former employee of the bank, Oscar Ebere Chukwuebuka, over an alleged $25,000 cyber fraud.

Justice Friday Ogazi gave the order on Wednesday following the arraignment of the two men by the Economic and Financial Crimes Commission on charges bordering on conspiracy, cybercrime and fraud.

The EFCC alleged that Aghogho, Chukwuebuka and a man identified as Scott, who is still at large, conspired between July 24 and 26, 2026, to gain unauthorised access to the bank’s server and siphon $25,000.

The prosecution counsel, Bilikisu Buhari-Bala, told the court that Aghogho allegedly released his access code to Chukwuebuka, who was said to have approached him to facilitate access to the bank’s system.

According to the prosecutor, the access code, which was linked to the bank’s local Administrative Credential, known as ITSD, was allegedly used to gain access to the FCMB Virtual Centre Platform.
Buhari-Bala further alleged that after the money was siphoned, Aghogho received $2,000, while Chukwuebuka allegedly received $400.

The prosecutor said the alleged offences violated provisions of the Cybercrimes (Prohibition, Prevention, Etc) Act, 2015, as amended in 2024, and the Money Laundering (Prevention and Prohibition) Act, 2022.

When the charges were read to them, Aghogho pleaded not guilty, while Chukwuebuka pleaded guilty.
Following their pleas, Justice Ogazi adjourned the case until August 27, 2026, for a review of the facts relating to the charges against Chukwuebuka.

The judge also ordered that the two defendants be remanded in the custody of the Nigerian Correctional Service pending the next hearing.

Before the arraignment, counsel to the defendants, N. Egah and Livingstone Madu, told the court that their clients were willing to enter into a plea bargain agreement.

The prosecutor, however, said the EFCC was not aware of any plea bargain arrangement involving the defendants.
One of the counts alleged that Aghogho, Chukwuebuka and Scott conspired to provide and use Aghogho’s access code to the FCMB system, thereby enabling unauthorised access to the bank’s Virtual Centre Platform.

Another count accused Aghogho of unlawfully disclosing access credentials, including the bank’s server IP and domain credentials, which allegedly facilitated access to the bank’s database.

The EFCC also alleged that Aghogho retained $2,000 on July 26, 2026, while Chukwuebuka retained $400, knowing or having reasonable grounds to believe that the sums were proceeds of an unlawful act.

The defendants have not been convicted of the allegations.

The case was adjourned until August 27 for further proceedings.

Continue Reading

Crime & Court

Police Arrest 10 Suspected Human Parts Dealers in Oyo

Published

on

Operatives of the Oyo State Police Command have arrested 10 suspected human parts dealers in Iseyin and Saki areas of the state following months of intelligence gathering and surveillance.

The suspects were arrested by the Command’s Monitoring Unit after operatives had closely monitored their activities, the Police Public Relations Officer, DSP Ayanlade Olayinka, disclosed in a statement made available to journalists on Friday.

According to the statement, the arrests followed “sustained intelligence gathering, discreet surveillance and close monitoring” of the suspects.

Those arrested were Adam Ibrahim, 42; Nasiru Kabiru, 22; Tijani Wasiu, 54; Abiola Nasiru, 45; Amusa Gbadamosi, 57; Raheem Taofeek, 46; Jimoh Muritala, 35; Suleiman Busari, 47; Ganiyu Nurudeen, 36; and Usman Abdullahi, 52.

Police said several suspected human parts and charms were recovered during searches of the suspects’ hideouts.

The exhibits included a suspected human heart, human flesh, pieces of human skull and assorted charms.

The command said the recovered items had been secured for forensic examination as investigations continued.

Olayinka said the suspects had confessed to dealing in human parts for ritual purposes, adding that they were assisting investigators in tracing the source, procurement and intended use of the recovered items.

He said efforts were ongoing to arrest other members of the alleged syndicate.

The Commissioner of Police, Oyo State Command, CP Abimbola Ayodeji Olugbenga, commended the operatives for what he described as a painstaking intelligence-led operation.

The CP reaffirmed the command’s determination to rid the state of criminal elements and protect the sanctity of human life.

He urged residents to remain vigilant and provide credible information to the police to aid crime prevention and detection.

 

Continue Reading

Crime & Court

Ex-DSS Officer Arraigned Over Alleged IPOB Membership, Terror Charges

Published

on

The Department of State Services has arraigned one of its retired officers, Nwaogu Ihechimere Ezeakolam, before the Federal High Court in Abuja over his alleged involvement with the proscribed Indigenous People of Biafra.

Ezeakolam was docked before Justice Mohammed Umar on a four-count charge bordering on alleged membership of the separatist group, providing support for its activities and using social media to promote its cause.

The charges were instituted by the Director of Public Prosecutions of the Federation, Rotimi Oyedepo (SAN), on behalf of the Federal Government. The prosecution alleged that the offences were committed in Abuja and Abia State between 2025 and 2026.

According to the charge, the retired operative allegedly rendered moral support to IPOB by disseminating information in favour of the group through the internet and his social media platforms. The prosecution said the action contravened provisions of the Terrorism (Prevention and Prohibition) Act, 2022.

The Federal Government also accused him of becoming a member of IPOB despite the group’s proscription by the court. It maintained that the alleged act is punishable under the Terrorism (Prevention and Prohibition) Act.

In another count, the prosecution alleged that Ezeakolam knowingly posted messages on social media designed to persuade members of the public to support IPOB. It further claimed that the posts amounted to aiding and abetting the activities of the proscribed organisation.

The fourth charge accused the defendant of publishing messages online to advance the cause of IPOB, an offence the prosecution said is contrary to the provisions of the Cybercrimes (Prohibition, Prevention, etc.) Act, 2015, as amended.

When the charges were read, Ezeakolam pleaded not guilty to all four counts. Following his plea, prosecuting counsel, Memunat Oladunjoye, urged the court to fix a date for the commencement of trial.

Counsel for the defendant, Godfirst Maduka, informed the court that he intended to file a bail application on behalf of his client. Justice Umar directed that the application should be filed accordingly and fixed October 29 for the commencement of trial.

The judge subsequently ordered that the defendant be remanded in the Kuje Custodial Centre pending the hearing and determination of his bail application.

Continue Reading

Advertisement

Entertainment

Advertisement

MegaIcon Magazine Facebook Page

Advertisement

MEGAICON TV

Advertisement

Trending