Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, have apprehended a Cameroonian businessman, Bekono Eric, over an alleged fraud involving about N1.5 billion from a first-generation bank.
In a statement, the Commission identified the 47-year-old as part of a suspected cross-border syndicate believed to specialise in credit card fraud.
He was arrested on Thursday, 23 April 2026, in the Ikorodu area of Lagos.
According to the EFCC, preliminary investigations indicate that members of the alleged syndicate open bank accounts in Nigeria, acquire Automated Teller Machine (ATM) cards and PINs, and subsequently travel to neighbouring countries where they reportedly use the cards to conduct fraudulent transactions on accounts belonging to high-net-worth customers.
The Commission stated that the suspect will be arraigned in court upon the conclusion of investigations.