The Economic and Financial Crimes Commission (EFCC) has arrested Federal Capital Territory-based billionaire Hyginus Nkwocha on allegations of internet fraud and money laundering.
According to a statement by EFCC spokesperson Dele Oyewale on Thursday, Nkwocha, 35, was apprehended at Ever Green Estate, Lugbe, Abuja, on Wednesday following intelligence reports linking him to cybercrime activities.
Items recovered from Nkwocha during the operation included $2,200 in cash, multiple luxury phones—an iPhone 15 Pro Max, Samsung Galaxy S24 Ultra, Samsung Galaxy S21 Ultra, iPhone 13 Pro Max—a MacBook, and several gold accessories. The EFCC also seized three luxury cars: a Mercedes Benz ML 350, Chevrolet Camaro, and a Mustang.
Additionally, Nkwocha was found to own properties in Cookies Court 2 at Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and another property in Ocean Palm Estate, Ogombo, Lagos State.
The EFCC confirmed that investigations are ongoing and that Nkwocha will face court proceedings once the inquiries are completed.
