A suspected fraudster has been arrested by operatives of the Special Investigations Team attached to the Force Criminal Investigations Department Annex in Lagos State.
Chinedu Ngwaka, a self-acclaimed Bureau De Change operator is said to have been arrested by the police over his involvement in a N320 million fraudulent scheme.
A statement issued by the spokesperson for FCID Annex, Lagos State, Mayegun Amina, said Ngwaka was arrested for using a fraudulent Presidency number plate on his Toyota Hilux vehicle.
He was also said to have being in possession of a fake identity card which was said that have been issued by the Federal Ministry of Labour and Employment.
Amina said, “On September 9, 2024, the Nigeria Police Force received a petition addressed to the Assistant Inspector-General of Police, FCID Annex, Lagos, from Chinedu Laz and Partners (Deo Gratia Chambers) on behalf of Mr Tochukwu Unachukwu, the Managing Director of Casco Electronics Company Limited, against Chinedu Ernest Ngwaka and his wife, Janet Onyekachi Ngwaka, of being involved in a fraudulent scheme amounting to N320m.
“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,” she said
She added that investigation into the matter showed that there were other petitions against the suspect from Mr Moses Chizoba Enechukwu and Chinedu Nwaforcha, seeking the recovery of N1 billion and N840 million respectively.
She added that Ngwaka alongside his co-conspirators will charged to court will be charged to court at the end of the investigation.