EFCC arrests man for $200,000 Bitcoin fraud, links him to Cubana group

The Economic and Financial Crimes Commission, EFCC, has arrested a man identified as Precious Ofure Omonkhoa, for an alleged bitcoin investment fraud.

A statement released on Friday by the head of media, Wilson Uwujaren, disclosed that Precious was arrested in the Ikoyi area of Lagos, following credible intelligence about his illegal activities.

It was noted that the suspect allegedly posed as Moshem Cnich, a Swedish national, to defraud unsuspecting victims.

Precious revealed that he ran a bitcoin scheme where people invest money to make huge returns.

Uwujaren stated that the investigation revealed that Precious engaged in a dating scam and had defrauded two victims in Canada.

He said, “The suspect confessed to have laundered the proceeds of his fraudulent activities by purchasing a piece of land worth $150,000 through bitcoin from CASA-Cubana, a project being run by the Cubana Group”.

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Cubana Group is owned by popular billionaire businessman, Obinna Iyiegbu popularly known as Obi Cubana, who was recently arrested by the EFCC.

It was not disclosed if Cubana was questioned about Precious’ transaction with CASA-Cubana during his detention in Abuja.

Uwujaren noted that following Precious arrest, $50,000 was found in his bitcoin wallet. He will soon be charged to court.

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