The Economic and Financial Crimes Commission (EFCC) has arrested 792 suspects for involvement in cryptocurrency fraud and romance scams, following a raid on December 10, 2024, at the seven-story Big Leaf Building on Oyin Jolayemi Street, Victoria Island, Lagos.
EFCC’s Director of Public Affairs, Wilson Uwujaren, revealed that the operation was based on months of surveillance and actionable intelligence and those arrested included 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, one Indonesian, and several Nigerians.
The syndicate used the building, equipped with high-end computers, to train Nigerians in impersonating foreign women and targeting global victims, directing them to the fraudulent platform www.yooto.com with about 500 SIM cards found by the investigators, which were used for the scams.
Uwujaren said the Nigerians, recruited for their typing skills, underwent two weeks of training and were paid informally. Seized items include desktop computers, laptops, phones, and vehicles.
He emphasized, “This operation disproves the notion that Nigerians are solely responsible for fraud. Foreigners exploit Nigeria’s reputation, but there will be no hiding place for criminals.”
The suspects will face charges as investigations continue in collaboration with international partners.

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