The Economic and Financial Crimes Commission (EFCC) said its collaboration with the Federal Bureau of Investigation has led to the arrest of a female suspect cyber fraudster in Edo State.
It said the female suspect (names withheld) worked in collaboration with foreign counterpart in dark web.
Head of Benin Zonal Office who spoke on behalf of Acting Chairman of the EFCC, Ibrahim Magu, Muhtar Bello, said the female suspect was involved in obtaining and stealing people’s identification information which she forward to her American collaborators.
Bello said her American collaborators used the information to file for fraudulent tax return with the Internal Revenue Service.
He stated that the suspect received her CT through Bitcoin and about 185 Bitcoin currently worth N656m was traced to her.
The EFCC Zonal head said it independently arrested a cybercriminal and two siblings involved in Business Email Compromise (BEC).
Bello outlined their operandi as searching for victims’ email addresses especially official Business Email addresses; create a phishing link and compromising the process in order to defraud unsuspecting victims.