Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC) have arrested a Cameroonian national, Bekono Marc Eric, in connection with an alleged N1.5 billion bank fraud.
The suspect, 47, was apprehended on Thursday, April 23, 2026, in the Ikorodu area of Lagos following intelligence reports linking him to a transnational fraud syndicate.
According to preliminary investigations by the anti-graft agency, the syndicate operates across borders and specialises in credit card-related fraud.
Members are said to open bank accounts within Nigeria.
They then procure Automated Teller Machine (ATM) cards along with their corresponding Personal Identification Numbers (PINs).
Subsequently, they travel to neighbouring countries in Africa.
From there, they allegedly carry out unauthorised transactions targeting accounts belonging to bank customers with substantial balances.
The fraudulent withdrawals are believed to be part of a coordinated scheme designed to evade detection by exploiting cross-border financial systems.
EFCC sources indicate that the arrest forms part of a broader crackdown on organised financial crimes with international dimensions.
Investigators are reportedly working to identify other members of the syndicate and trace the full extent of the financial losses.
The Commission confirmed that Bekono Marc Eric will be formally charged to court upon the conclusion of ongoing investigations.
Authorities have reiterated their commitment to tackling financial crimes and safeguarding the integrity of Nigeria’s banking system.
They urged12 financial institutions and customers to remain vigilant against evolving fraud tactics.
