Police Nab Suspected Fraudster Over N320 million scam Scheme in Lagos
PulseNets has learned that operatives of the Special Investigations Team, under the Force Criminal Investigations Department (FCID) Annex in Lagos, have arrested a suspected fraudster, Chinedu Ernest Ngwaka, in connection with a massive N320 million fraudulent scheme.
Ngwaka, who identifies as a licensed Bureau De Change (BDC) operator, was apprehended for allegedly using a fraudulent Presidency number plate on his Toyota Hilux vehicle and possessing a fake identity card purportedly issued by the Federal Ministry of Labour and Employment.
Mayegun Amina, spokesperson for the FCID Annex in Lagos, told PulseNets that the arrest followed a petition submitted on September 9, 2024, by Chinedu Laz and Partners (Deo Gratia Chambers) on behalf of Mr. Tochukwu Unachukwu, Managing Director of Casco Electronics Company Limited. The petition accused Ngwaka and his wife, Janet Onyekachi Ngwaka, of orchestrating a fraudulent scheme totaling N320 million.
Amina stated, “Upon receipt of the petition, detectives from the Special Investigations Team of the anti-fraud Section attached to Force Criminal Investigations Department (FCID) Annex, Lagos, swiftly swung into the intelligence-led investigation. The team reviewed relevant banking records and secured a warrant of arrest, which led to the apprehension of Chinedu Ernest Ngwaka, a self-acclaimed Licensed Bureau De Change (BDC) operator.”
PulseNets also learnt that the investigation revealed additional allegations against Ngwaka. Two other petitioners, identified as Mr. Moses Chizoba Enechukwu and Chinedu Nwaforcha, are seeking to recover N1 billion and N840 million respectively.
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Speaking further, Amina noted that Ngwaka and his co-conspirators would face charges in court upon the conclusion of the investigation. “He will be charged to court at the end of the investigation,” she confirmed.
As the investigation unfolds, PulseNets will continue to provide updates on this developing story.
