Operatives of the Economic and Financial Crimes Commission (EFCC), Lagos Zonal Directorate 2, have arrested a Cameroonian businessman, Bekono Eric, over an alleged ₦1.5 billion bank fraud.
The 47-year-old suspect was apprehended on Thursday, April 23, 2026, in the Ikorodu area of Lagos. According to the commission, he is believed to be part of a cross-border syndicate involved in credit card fraud.
Preliminary investigations indicate that members of the group allegedly open bank accounts in Nigeria, obtain ATM cards and PINs, and then travel to neighbouring countries where the cards are used to carry out fraudulent transactions on accounts belonging to unsuspecting customers with large balances.
The EFCC stated that the suspect will be charged to court upon the conclusion of investigations.
