Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), based in Ikoyi, have arrested a 47-year-old Cameroonian businessman, Bekono Eric, over an alleged N1.5 billion fraud involving a first-generation bank.
The suspect was apprehended on Thursday, April 23, 2026, in the Ikorodu area of Lagos. Authorities described him as a member of a trans-border syndicate believed to be involved in large-scale credit card fraud operations.
Preliminary investigations indicate that the syndicate allegedly operates by opening bank accounts in Nigeria and obtaining Automated Teller Machine (ATM) cards along with their Personal Identification Numbers (PINs). The group is said to then move to neighbouring countries, where they use the cards to carry out unauthorised transactions, primarily targeting accounts with substantial balances.
The EFCC confirmed that Bekono Eric will be charged to court upon the conclusion of ongoing investigations.
EFCC Arrests Cameroonian Businessman Over Alleged N1.5bn Bank Fraud in Lagos Operatives of the Lagos
