By Amofokhai Williams
The Nigeria Police Force has arrested a suspect linked to a $550,000 transnational fraud, identity theft and money laundering scheme targeting a United States-based victim.
The arrest, carried out by operatives of the INTERPOL National Central Bureau (NCB) Abuja, followed a coordinated intelligence-driven operation in Benin City, Edo State, between March 23 and 26, 2026.
Police said the suspect, Emwanta Eghosa Smith, was apprehended on March 26 in Uselu area of the state after investigations revealed his involvement in the fraud, which occurred between October 2025 and January 2026.
According to findings, the suspect allegedly posed as high-profile government officials and notable public figures to gain the confidence of the victim, an American woman, before inducing her to transfer funds through cryptocurrency channels.
Investigators further disclosed that proceeds of the crime were laundered through the purchase of five vehicles and an unfinished building in Benin City. The assets have since been recovered and secured as exhibits.
In addition, law enforcement agents recovered counterfeit $10,000 from the suspect during the operation.
The police described the arrest as a major breakthrough in ongoing efforts to combat cyber-enabled financial crimes and cross-border fraud.
The Inspector-General of Police, Olatunji Rilwan Disu, reaffirmed the force’s commitment to tackling identity theft and financial crimes, stressing the importance of collaboration with international partners to bring offenders to justice.
Authorities also urged members of the public to remain cautious in online dealings, particularly those involving financial transactions, and to promptly report suspicious activities to security agencies.
