Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, have arrested a Cameroonian businessman, Bekono Marc Eric, over his alleged involvement in a ₦1.5 billion bank fraud.
The 47-year-old suspect was arrested on Thursday, April 23, 2026, in the Ikorodu area of Lagos State.
According to the EFCC, Eric is part of a trans-border syndicate specialising in credit card fraud targeting Nigerian banks and customers with high account balances.
In a statement, the commission said: “The suspect, a member of a trans-border syndicate that specialises in credit card fraud, was arrested on Thursday, April 23, 2026, in the Ikorodu area of Lagos.”
It added that investigations revealed how members of the syndicate operate across borders, opening bank accounts in Nigeria, obtaining Automated Teller Machine (ATM) cards and Personal Identification Numbers (PINs), before travelling to neighbouring countries to carry out fraudulent transactions.
“Investigations revealed that members of the syndicate open bank accounts in Nigeria, obtain ATM cards and PINs, and then move to neighbouring countries where they use the cards to carry out fraudulent transactions on accounts belonging to customers with high balances,” the statement further read.
The EFCC said the suspect would be charged to court upon the conclusion of ongoing investigations.
