EFCC Just Arrested A Group Of Bitcoin Traders In Ibadan, See What Was Recovered From Them Information HubApr 24, 2021


The Economic Financial Crime Control Ibadan zone has confirmed the arrest of two popular bitcoin vendors in the state over alleged involvement in cybercrime popular known as ” Yahoo” .

The spokesman of The Economic Financial Crime Control made this known to the public after a briefing on Friday. According to him, the bitcoin trader was arrested alongside other four suspects who were likely involved in defrauding people.

The spokesman said that the five suspects whose ages ranged from 21 to 37, were picked up from two locations at Elebu area in Ibadan.

Bitcoin is digital money which many Nigerians and many people in the world are now using for the transaction and in storing their wealth as against the normal banking system.

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Bitcoin is built with the blockchain system which is decentralized and can be own by any person irrespective of their age, race, or political affiliation.

The Bitcoin system was created by a yet Anonymous man Satoshi Nakamoto whose identity is not yet known to the world.

Bitcoin has created an avenue for cyber pitchers and criminals to defraud people of their money. This set of people device a way to make those who have Bitcoin transfer to their wallet addresses I am exchange of goods or service that yet to be accomplished.

However, during the time of the arrest, it was reviewed that tons of phones and MacBook laptops were recovered from the gangs. These powerful laptops and phones are used to carry out this devilish act.

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The spokesman of The Economic Financial Crime Control said that their cases will be moved to court after the serious intelligent investigation going on revealed that they are guilty of the offense levied on them.

Meanwhile, the spokesman also advises Nigerians to desist from initiating any unverified transaction.

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