Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a 47-year-old Cameroonian businessman, Bekono Marc Eric, over an alleged ₦1.5 billion bank fraud linked to a cross-border syndicate.
The suspect was apprehended on Thursday, April 23, 2026, by officials of the Lagos Zonal Directorate 2 in the Ikorodu area of Lagos, following intelligence on his involvement in a sophisticated financial crime network.
Investigations revealed that the syndicate specializes in credit card fraud, opening bank accounts within Nigeria to obtain ATM cards and PINs, which are then transported to neighbouring countries for illicit withdrawals from accounts belonging to unsuspecting high-net-worth customers.
Authorities say the operation highlights a growing trend of transnational financial crimes exploiting banking systems across borders.
The EFCC confirmed that the suspect will be charged to court upon the conclusion of ongoing investigations, as efforts intensify to dismantle the wider network behind the alleged fraud.
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