EFCC Arrests Suspected Fraudster Who Buys Bank Accounts

EFCC Arrests Suspected Fraudster Who Buys Bank Accounts 

The Economic and Financial Crimes Commission (EFCC), Benin Zonal Directorate, has apprehended a suspected fraudster, Olawole Sunday, for allegedly purchasing bank account details from individuals to carry out fraudulent transactions.

In a statement released on Monday, April 7, 2025, the EFCC revealed that Sunday’s fraudulent scheme involved paying young people between N25,000 and N50,000 to open bank accounts and hand over their details, including ATM cards. He would then use these accounts to deceive unsuspecting victims.

His arrest followed an investigation into a case where a petitioner was defrauded of N2 million in a fake forex trading deal. The account used for the transaction belonged to one Uyi Godstime Eghosa, who was initially arrested.