Bitcoin trader, four others nabbed for ‘internet fraud’

The Ibadan office of the Economic and Financial Crimes Commission (EFCC) has arrested a bitcoin trader for his alleged involvement in cybercrime, the EFCC’s spokesperson Wilson Uwujaren said in a statement made available to newsmen on Friday.

The Ibadan office of the Economic and Financial Crimes Commission (EFCC) has arrested a bitcoin trader for his alleged involvement in cybercrime, the EFCC’s spokesperson Wilson Uwujaren said in a statement made available to newsmen on Friday.

The bitcoin trader was arrested alongside four others.

The EFCC spokesperson said the suspects were picked up from two locations at Elebu area in Ibadan.

He said the suspects, whose ages ranged from 21 to 37, were arrested sequel to series of intelligence received by the commission on their alleged involvement in internet-related crimes.

Mr Uwujaren said the items recovered from the suspects include two cars, laptops, phones and some documents.

He said the suspects would be charged to court as soon as the investigation was completed.

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