EFCC Arrests Abuja ‘Young Billionaire’ for Internet Fraud, Seizes Luxury Cars and Properties

The Economic and Financial Crimes Commission (EFCC) has arrested 35-year-old Hyginus Nkwocha in Abuja for alleged involvement in internet fraud and money laundering. Nkwocha, who has gained a reputation as a ‘young billionaire,’ was apprehended at Ever Green Estate, located behind Millennium Estate in the Lugbe area of Abuja.

The EFCC acted on intelligence reports linking Nkwocha to internet fraud and money laundering activities. During the arrest, a significant amount of high-end items was seized, including $2,200 in cash, multiple luxury smartphones such as an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, and a MacBook. The commission also recovered several pieces of expensive jewelry, including a gold chain, pendant, bracelet, and neck chain.

In addition to these items, the EFCC confiscated three luxury vehicles owned by Nkwocha: a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang. Further investigations led to the discovery of several properties tied to the suspect, including homes in Cookies Court 2, Ocean Palm Estate in Ajah, Lagos, Unit C8 in Lugbe Airport Road, Abuja, and another property at Ocean Palm Estate in Ogombo, Lagos State.

Dele Oyewale, the Head of Media and Publicity at the EFCC, confirmed Nkwocha’s arrest. He emphasized that the commission is committed to tackling internet fraud and money laundering in Nigeria. “The suspect will be charged to court as soon as investigations are concluded,” Oyewale stated.