The Economic and Financial Crimes Commission (EFCC) has taken a significant step in its fight against internet fraud by arresting a 35-year-old man, Hyginus Nkwocha, in Abuja. The suspect, widely known as ‘young billionaire,’ was apprehended at Ever Green Estate, located behind Millennium Estate in Lugbe, Abuja. His arrest followed credible intelligence linking him to internet fraud and money laundering activities.
During the operation, the EFCC recovered a range of luxury items from Nkwocha, including $2,200 in cash, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, a MacBook, and various pieces of gold jewelry, including a chain, pendant, bracelet, and neck chain. In addition, the commission seized several high-end vehicles, such as a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang.
The EFCC also confiscated properties associated with Nkwocha, which are located at Cookies Court 2, Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.
This arrest and the subsequent seizure of assets underscore the EFCC’s ongoing commitment to combating internet fraud and money laundering in Nigeria. Dele Oyewale, the EFCC’s Head of Media and Publicity, confirmed the arrest, adding, “The suspect will be charged to court as soon as investigations are concluded.
SKJ 
NewsGlobal Reporters 
NGI