The Economic and Financial Crimes Commission (EFCC) has arrested a Nigerian-American, Adegoke Oluwatobi Adams, over alleged cross-border vehicle import fraud involving more than $320,000 (about ₦434.88 million).
In a statement posted on its official X handle on Friday, the Commission said the suspect is being investigated for alleged criminal breach of trust and obtaining money by false pretence.
Adams, who holds dual citizenship of Nigeria and the United States, was arrested by operatives of the EFCC Ilorin Zonal Directorate upon his return to Nigeria.
According to the Commission, preliminary investigations revealed that the suspect is allegedly part of a syndicate based in the United States that defrauds Nigerians under the guise of importing vehicles for them.
The EFCC stated that the group allegedly targets unsuspecting buyers by offering to purchase and ship vehicles from the United States to Nigeria, but fails to deliver after collecting payments.
Investigators said Adams allegedly advertised a 2024 Mercedes-Benz G63 AMG while abroad and circulated images of the luxury vehicle to prospective buyers in Nigeria.
He reportedly promised to purchase and ship the vehicle upon receipt of payment.
Findings further showed that two victims allegedly paid a total of $320,000 for the vehicle. One victim reportedly transferred $145,000 through an intermediary, while another allegedly paid $175,000.
The Commission said the funds amounted to over ₦434.88 million in total losses.
EFCC also disclosed that the suspect allegedly has a prior criminal record in the United States involving the illegal acquisition of vehicles.
The agency added that Adams is currently under investigation and will be arraigned in court upon the conclusion of inquiries.
The EFCC reiterated its commitment to tackling financial and cross-border fraud schemes targeting Nigerians, especially those involving international syndicates exploiting trust in vehicle import transactions.
