The Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, Lagos, has apprehended a Cameroonian businessman, Bekono Marc Eric, for allegedly defrauding a first-generation bank of approximately N1.5 billion.
Suspect's Arrest and Alleged Crimes
The 47-year-old suspect, believed to be a member of a trans-border syndicate specializing in credit card fraud, was arrested on Thursday, April 23, 2026, in the Ikorodu area of Lagos. Investigations have revealed that the syndicate operates by opening bank accounts in Nigeria, obtaining Automated Teller Machine (ATM) cards and PINs, and then moving to neighboring countries. From there, they use the cards to conduct fraudulent transactions on accounts belonging to customers with high balances.
Next Steps
The suspect will be charged to court as soon as investigations are concluded. The EFCC continues to crack down on financial crimes targeting the banking sector.
