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The National Cyber Crime Centre of the Nigeria Police Force has arrested 16 individuals involved in a financial fraud scheme amounting to N3.9 billion in cash and assets against Interswitch Limited, a leading digital platform. Authorities are actively working to recover more funds.
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The arrests followed a complaint from Interswitch Limited regarding irregularities in its financial system, said Peter Afunanya, spokesperson for the Department of State Services, during a joint press conference of the Strategic Communications Interagency Policy Committee in Abuja on Monday. He noted that eight of the suspects had already been prosecuted.
“The extensive anti-fraud operation carried out by the Nigeria Police Force National Cyber Crime Centre was a result of a report from Interswitch Limited concerning an anomaly in its financial system. Swift actions led to the apprehension of 16 suspects, with eight already facing legal consequences. The operation resulted in the retrieval of over N3.9 billion in cash, assets, and vehicles, with ongoing efforts to reclaim additional embezzled funds,” Afunanya stated.
