EFCC Arraigns Man in Enugu Over Alleged $5,000 Fake-Alert Fraud

The Economic and Financial Crimes Commission has arraigned 38-year-old Raheem Abiodun Wasiu before an Enugu State High Court over an alleged $5,000 fraud involving a Bureau De Change operator. The EFCC alleged that Wasiu collected $5,000 from the complainant after promising to transfer the naira equivalent of ₦7.05 million. He was charged with obtaining money by false pretence and stealing by conversion, but pleaded not guilty. Investigators alleged that he rented Toyota Hilux vehicles, posed as a wealthy contractor and used escorts to gain the trust of BDC operators in the South-East and Akwa Ibom. The prosecution claimed he used fake naira payment alerts after collecting foreign currency. The court adjourned the bail application to October 28, 2026, and fixed November 3 and 10, 2026 for trial. Wasiu was remanded in the custody of the Nigerian Correctional Service in Enugu.

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