The Economic and Financial Crimes Commission (EFCC) has captured a speculated web frauster who supposedly attempted to purchase a Range Rover worth N44million with Bitcoin

The suspect recognized as Tobiloba Aramide Ogundiyan is blamed by the EFCC’s Advance Fee Fraud Section of submitting on the web extortion and changing over his plunder into cryptocurrency.

A ruling delivered by the organization read that Ogundiyan obtained his badly gotten abundance from cyber fraud, layered it into a Bitcoin account and finally, incorporated it by moving toward a vehicle retailer in Lekki to buy a Range Rover Vela P380 2018 model worth N44,000,000 ($97,626 USD in Bitcoin) at some point in March 2021.

The anti-graft agency said the suspect and seven others were apprehended by the commission’s Lagos operatives on May 18, 2021 at River View Estate, Lekki, Lagos for a supposed PC related crime.

Several other suspects who were caught are Samson Alabi Afolabi; Adebayo Dolapo Olumide; Daniel Boluwatife Akinwunmi; Moses Segun; Kelechi Thankgod Felix; Adeleke Godwin Tofunmi and Adewale Dapo Victor.

Exhibits reclaimed include electronic gadgets (handsets, PCs), exotic automobiles, costly jewelleries and collectibles and so forth

The EFCC said throughout its investigations, it founds out that apart from computer-related fraud, some of the suspects had finished the three stage of money laundering for example, placement, layering and integration.