Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a Cameroonian businessman, Bekono Eric, over his alleged involvement in a ₦1.5 billion bank fraud in Lagos.
The suspect, 47, was apprehended by officials of the commission’s Lagos Zonal Directorate 2 in Ikoyi during an operation in the Ikorodu area of the state on Thursday, April 23, 2026. In a statement, the EFCC described the suspect as a member of a trans-border syndicate allegedly specialising in credit card fraud.
According to the commission, investigations revealed that members of the syndicate typically open bank accounts in Nigeria, obtain Automated Teller Machine (ATM) cards and Personal Identification Numbers (PINs), and subsequently move to neighbouring countries where the details are used to carry out unauthorised transactions on accounts with high balances.
The anti-graft agency said the alleged scheme resulted in losses estimated at about ₦1.5 billion for the affected first-generation bank. The EFCC added that the suspect will be charged to court upon the conclusion of ongoing investigations.
