Operatives of the Economic and Financial Crimes Commission (EFCC), on Monday, swooped on an unlicensed foreign exchange dealer, Chike Nosa Agada, over his involvement in a N2billion fraud.
It was learnt that the suspect, who had earlier been declared wanted last week by the anti-graft agency, was picked up at a residence located in Bourdillon, Ikoyi Area of Lagos State during a sting operation.
Daily Trust reports that Agada, a 37-year-old native of Udi Local Government Area of Enugu State, was arrested for obtaining money by false pretence and stealing by conversion.
A detective of the commission, who was part of the sting operation, explained that the suspect was swooped on following credible intelligence linking him to the alleged fraud.
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Acting spokesman of the anti-graft agency, Dele Oyewale, who also confirmed the arrest, said a mobile device was recovered from him, adding that the suspect would soon be charged to court as soon as investigations are concluded.
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