The Economic and Financial Crimes Commission has commenced investigations into a man accused of using fake bank alerts to defraud Bureau de Change operators in Enugu. The suspect was arrested following intelligence received by the EFCC’s Enugu Zonal Directorate about an alleged pattern of fraudulent transactions involving BDC operators. 

According to the anti-graft agency, the suspect allegedly approached BDC operators to obtain foreign currencies after presenting what appeared to be payment confirmations. Investigators are examining how the alleged fake alerts were generated and used to convince the victims that payments had been successfully made.

The EFCC said the investigation is aimed at determining the full extent of the alleged fraud and identifying whether other individuals are connected to the scheme. The suspect is expected to face appropriate legal action if investigations establish a prima facie case against him.

The commission has continued to intensify its investigations into financial crimes and fraudulent transactions, particularly schemes involving electronic payment systems. The latest case also highlights the need for businesses and financial operators to independently verify payment notifications before releasing cash or foreign currency.