EFCC investigates alleged $12,000 BDC fraud in Enugu

The Economic and Financial Crimes Commission (EFCC) has launched an investigation into 38-year-old Raheem Abiodun Wasiu for an alleged $12,000 fraud targeting Bureau De Change (BDC) operators in South-East Nigeria.

Wasiu was arrested by the Nigeria Security and Civil Defence Corps (NSCDC) following complaints from multiple victims. Investigations by the EFCC Enugu Zonal Directorate suggest the suspect used a sophisticated method to deceive operators: he allegedly rented Toyota Hilux trucks, traveled with escorts, and posed as a wealthy contractor.

According to petitioners, Wasiu would collect United States dollars from operators and then present fake Naira bank transfer alerts to convince them that payment had been processed. One victim, Ezekulie Stanley Chukwuamuanya, reported losing $5,000 after the suspect claimed a transfer was delayed due to network issues. Another petitioner from Owerri, Imo State, reported being defrauded of $7,000.