EFCC arrests wanted suspect for N2bn fraud in Lagos

Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested Chike Nosa Agada, an unlicensed foreign exchange dealer, for an alleged N2 billion fraud.

Agada, a 37-year old native of Udi Local Government Area of Enugu State, was declared wanted by the Commission on Wednesday, October 11, 2023, for obtaining money by  false pretence and stealing by conversion to the tune of N2 billion

He was arrested at a residence in the Bourdillion, Ikoyi area of Lagos,  on Monday, October 16, 2023 during a sting operation by operatives of the Commission,  following  credible intelligence linking him to the alleged fraud.

Upon arrest, a mobile device was recovered from him.

He will be charged to court as soon as investigations are concluded.