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Popular Instagram Celebrity, Bitcoin Lord Arrested By The EFCC

The Economic and Financial Crimes Commission (EFCC) continues their clampdown on cyber criminals with the arrest of popular Instagram Celeb, Bitcoin Lord in Enugu yesterday. The famous Instagram celeb, who commands more than five hundred thousand (500k) followers on Instagram was arrested alongside thirteen (13) others for criminal activities related to Internet fraud.   

Bitcoin Lord goes about as a Bitcoin and Forex trader, but the way by which he shows of riches on Instagram has attracted suspicion in recent times.

Bitcoin Lord Showing Off His Riches
Bitcoin Lord

According to some reliable info, items recovered from the fraudsters include exotic cars such as Mercedes Benz, 4matic, three Mercedes Benz AMG, and two Lexus Rx salon cars; Laptop computers, high tech smartphones and several other incriminating documents and devices.

Cars recovered and the suspects

The arrest was made by the Enugu zonal office of The Economic and Financial Crimes Commission (EFCC) in Awka, Anambra state. The Head of Media of The EFCC, Dele Oyewale in a statement made available to media outlets, said the suspects were nabbed based on intelligence gathered on their locations and activities. The fourteen suspects, who range between age 21 and 28 years were apprehended in locations including Opuna Awka, Agu Awka, and Ngozika estate.

According to the EFCC Media head, Oyewale, interim analysis on the items recovered from the suspects made by The EFCC revealed that the suspects were involved in several criminal activities such as identity theft, online bitcoin scam, internet fraud, and love scam.

The spokesman added that all the suspects would be charged to court as soon as possible and when proper investigations are concluded.

The notice of the arrest was also made known on the official twitter handle of The EFCC (@OfficialEFCC).

Meanwhile, despite the gravity of Internet fraud and the dis-reputation it has been bringing on the country, negative reactions trailed the arrest right on the comment section of the EFCC official Twitter handle. Several Nigerians complained that The EFCC is not doing enough to stamp out corruption in the country as they are only after Yahoo boys (cybercriminals) and not politicians who loot the national and state treasuries.

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