Man allegedly poses as EFCC official, swindles company boss of N800,000

A suspected fraudster, Paschal Ugwu, whom the police alleged has been impersonating as an official of the Economic and Financial Crimes Commission (EFCC) to swindle businessmen, has been arrested. Ugwu, the police said, was arrested after he collected the sum of N805,000 from the managing director of Wire-My-Cake Company located at Ijegun, Isheri-Oshun, Lagos, while […]

A suspected fraudster, Paschal Ugwu, whom the police alleged has been impersonating as an official of the Economic and Financial Crimes Commission (EFCC) to swindle businessmen, has been arrested.

Ugwu, the police said, was arrested after he collected the sum of N805,000 from the managing director of Wire-My-Cake Company located at Ijegun, Isheri-Oshun, Lagos, while pretending to be an EFCC official handling a case of fraud involving the company.

The Lagos State Commissioner of Police, Imohimi Edgal, told journalists yesterday that the police arrested Ugwu on October 5, 2018 at Ijegun, Isheri-Oshun, Lagos, two months after he had, while allegedly pretending to be an EFCC operative, accused the Wire-My-Cake boss of defrauding GTBank and fleecing him of N805,000.

“Investigation was launched into the case by operatives of the Command attached to Area ‘F’ Ikeja. This led to the arrest of one Sodiq Ibrahim, a dismissed staff of Wire-My-Cake Company who connived with the suspect to defraud his former employer,” Edgal added.

He said that the two suspects would be charged to court at the end of investigation.