The Economic and Financial Crimes Commission (EFCC) has uncovered a money laundering scheme involving over $300,000 allegedly linked to a suspected internet fraudster arrested in Edo State.
According to a statement by the Commission on Tuesday, May 6, 2025, the suspect was apprehended alongside 34 others during a sting operation conducted on Sunday, May 4, 2025, in the Sabo Iyako area of Auchi, following “credible intelligence that linked them to fraudulent internet activities.”
EFCC investigations revealed that the suspect acted as a “picker” or “azaman” — terms used in cybercrime circles — and was responsible for collecting and laundering more than $300,000 for his accomplices, who are currently on the run.
“As a ‘picker’ or ‘azaman’ in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large,” the statement read.
The anti-graft agency also disclosed that beyond cybercrime, the suspect is involved in other fraudulent schemes, including investment and banking fraud.
“Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud,” it added.
The Commission stated that the suspect would be prosecuted once investigations are concluded.
“He will be charged to court as soon as investigation is concluded.” the statement read.
