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The Economic and Financial Crimes Commission (EFCC) Operatives of the Lagos Zonal Directorate 2 have arrested a Cameroonian businessman, Bekono Eric, for allegedly defrauding a bank of N1.5 billion.
The 47-year-old suspect was arrested on Thursday, April 23, 2026, in the Ikorodu area of Lagos. The commission released a statement describing the suspect as a member of a suspected trans-border syndicate that allegedly specialises in credit card fraud.
The EFCC said investigations revealed that members of the suspected syndicate allegedly opened bank accounts in Nigeria, obtained Automated Teller Machine (ATM) cards and PINs, and then moved to neighbouring countries, where they allegedly used the cards to execute fraudulent transactions on accounts owned by customers with high balances.
The Cameroonian will be charged in court as soon as investigations are concluded.
