Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a Cameroonian businessman, Bekono Eric, over his alleged involvement in a N1.5 billion fraud targeting a first-generation bank.
The suspect, 47, was apprehended by officers of the commission’s Lagos Zonal Directorate 2 in Ikoyi during an operation carried out in the Ikorodu area of Lagos on Thursday, April 23, 2026.
In a statement, the EFCC described Eric as a member of a suspected trans-border syndicate believed to specialise in credit card fraud across multiple countries.
According to the commission, preliminary investigations revealed that members of the syndicate allegedly open bank accounts within Nigeria, procure Automated Teller Machine cards along with their Personal Identification Numbers, and subsequently travel to neighbouring countries where the cards are used to execute fraudulent transactions on accounts belonging to unsuspecting customers, particularly those with substantial balances.
The anti-graft agency stated that the suspect will be charged in court upon the conclusion of ongoing investigations.
