EFCC arrests Abuja businessman over alleged $120m fraud

Summary

The EFCC has arrested Abuja-based businessman Innocent Ezuma over allegations that he defrauded a Ukrainian investor of more than $120 million.

Highlights

• The commission said Ezuma, 57, was arrested at his Abuja residence on Monday, October 19.
• EFCC spokesperson Dele Oyewale confirmed the arrest but declined to give further details.
• Sources quoted in the report said Ezuma is being investigated for alleged advance fee fraud, criminal breach of trust, criminal conversion, obtaining money under false pretences, theft and money laundering.
• One source said the alleged funds were paid between 2007 and 2015 for mineral exploration and power projects that were not delivered.
• Investigators were also said to be examining transfers linked to companies and individuals associated with Ezuma.