Significant arrests by EFCC: Nigeria’s Economic and Financial Crimes Commission (EFCC) arrested 792 suspects, including 148 Chinese and 40 Filipinos. They conducted a raid at the Big Leaf Building in Lagos, revealing extensive involvement in crypto-related scams.
Fraud techniques exposed: The EFCC seized over 500 SIM cards and sophisticated computers used for deception. Suspects trained Nigerian accomplices to create fake profiles on platforms like WhatsApp and Instagram to lure victims.
Fraudulent investment platform: Victims encountered fraudulent investment schemes on yooto.com, with activation fees starting at 35 USD. Foreign nationals directed locals in evading detection while facilitating scams across North America and Europe.