Bitcoin Scam: EFCC Arrests Obi Cubana’s Associate For Fraud

• The EFCC has arrested Precious Ofure Omonkho, a suspected fraudster who is believed to have defrauded Nigerians to the tune of $200,000

• In an orchestrated Bitcoin scam, he lured people to invest their money to make huge returns

• After his arrest, the suspect revealed that he bought a piece of land worth $150,000 through a company owned by Obi Cubana

The Economic and Financial Crimes Commission has arrested an alleged fraudster named Precious Ofure Omonkho for a Bitcoin scam.

According to a statement released by the anti-graft agency through its website, Omonkho was arrested on Monday, November 8 after intel was received about his activities.

The report claims that the suspect posed as a Swedish national and convinced people to invest with the promise of significant returns.

In addition to that, the EFCC’s investigations also show that Omonkho defrauded two Canadians in a dating scam.

After his arrest, the suspected fraudster revealed that he had laundered $150,000 from the proceeds of the Bitcoin scam by buying a piece of land.

Read also: Nigerian Man Arrested for $6 Million Fraud

Omonkhoa laundered the funds through bitcoin from CASA-Cubana, a project run by the Cubana group.

The Cubana group mentioned in relation to the suspect is a company owned by one of Nigeria’s top businessmen, Obi Cubana.

Upon Omonkhoa’s arrest, $50,000 was found in his Bitcoin wallet and the EFCC is set to charge him to court in the coming weeks.

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