The Economic and Financial Crimes Commission (EFCC) has arrested 35-year-old Hyginus Nkwocha also known as “Young Billionaire” in Abuja on charges of internet fraud and money laundering.
Nkwocha, who has been referred to as a “young billionaire,” was taken into custody at Ever Green Estate, behind Millennium Estate in Lugbe, Abuja. His arrest followed intelligence reports linking him to suspected internet fraud and money laundering activities.
During the operation, the EFCC recovered several items from Nkwocha, including $2,200 in cash, an iPhone 15 Pro Max, a Samsung Galaxy S24 Ultra, a Samsung Galaxy S21 Ultra, an iPhone 13 Pro Max, a MacBook, and various pieces of gold jewelry, such as a gold chain and pendant, a gold bracelet, and a gold neck chain. Additionally, three luxury vehicles—a Mercedes Benz ML 350, a Chevrolet Camaro, and a Mustang—were seized.
The EFCC also recovered properties linked to Nkwocha, including those at Cookies Court 2, Ocean Palm Estate, Ajah, Lagos; Unit C8, Lugbe Airport Road, Abuja; and Cookies Court 2, 2nd Avenue, Ocean Palm Estate, Ogombo, Lagos State.
Nkwocha’s arrest and the subsequent recovery of these assets are part of the EFCC’s ongoing efforts to combat internet fraud and money laundering in Nigeria. Dele Oyewale, the Head of Media and Publicity at the EFCC, confirmed the arrest, stating, “The suspect will be charged to court as soon as investigations are concluded.”
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