The Economic and Financial Crimes Commission (EFCC) in Nigeria has dismantled an elaborate international fraud operation, arresting 792 suspects allegedly involved in crypto investment and romance scams.

The Economic and Financial Crimes Commission of Nigeria arrested 792 suspects in a large-scale raid targeting a fraudulent operation in Lagos. The individuals, including many foreigners, were allegedly involved in scams involving fake cryptocurrency investments and romance fraud,

The Economic and Financial Crimes Commission ( EFCC) has arrested 792 suspects for their alleged crimes of cryptocurrency investment fraud and online romance scams. The suspects comprise 148 Chinese, 40 Filipinos, two Kharzartans, one Pakistani, and one Indonesian while the rest are Nigerians.

Nigeria's anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments.

The suspects would lure victims, typically from America and Europe, with romantic offers before asking them to hand over money for fake crypto investments, the report said. The people, who included Chinese and Filipino nationals,

Nigerian authorities conducted a significant raid in Lagos, arresting 792 individuals connected to a suspected large-scale crypto romance scam operation. The operation, believed to be one of the hubs for these scams,

Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phony cryptocurrency investments.