Billionaire businessman Hyginus Nkwocha is facing significant legal trouble as the Economic and Financial Crimes Commission (EFCC) has arrested him in Abuja on charges of internet fraud and money laundering. Nkwocha, aged 35, was apprehended at Ever Green Estate, Lugbe, Abuja, following a thorough investigation into his suspected involvement in financial crimes.
According to EFCC spokesperson Dele Oyewale, the arrest was made on Wednesday, and a range of items was seized from Nkwocha. These items include $2,200 in cash, high-end electronic gadgets such as an iPhone 15 Pro Max, Samsung Galaxy S24 Ultra, Samsung Galaxy S21 Ultra, iPhone 13 Pro Max, and a MacBook. Additionally, valuable personal assets such as a gold chain and pendant, a gold bracelet, and a gold neck chain were also recovered.
Nkwocha’s luxury vehicles seized include a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang, highlighting the opulent lifestyle he allegedly led. Real estate assets were also confiscated, with properties located in Cookies Court 2, Ocean Palm Estate in Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.
The EFCC has stated that investigations into Nkwocha’s activities are ongoing. He will be formally charged in court once the investigation is complete. This high-profile arrest underscores the EFCC’s commitment to tackling financial crimes and its scrutiny of individuals suspected of significant illicit activities.
