EFCC Nabs Wanted FOREX Dealer Over N2bn Fraud 

Abdulazeez Abdulwahab 

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 N2bn fraud.

Agada, a 37-year-old native of Udi Local Government Area of Enugu State, was declared wanted by the Commission on Wednesday, 11 October 2023, for obtaining money by false pretence and stealing by conversion to the tune of Two Billion Naira (N2,000,000,000.00) only.  

He was arrested at a residence in the Bourdillion, Ikoyi area of Lagos on Monday, 16 October 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. 

Eighteen-Eleven Media