Police Bust Fake World Bank Syndicate, Uncover ₦85m Cyber Fraud Network
As cybercrime grows more sophisticated and borderless, Nigeria’s law enforcement agencies are tightening the net on digital fraudsters exploiting trust and technology.
The Nigeria Police Force has recorded major breakthroughs through its National Cybercrime Centre (NPF-NCCC), dismantling a cross-border fraud syndicate and arresting multiple suspects linked to high-profile financial crimes.
In a major operation, police apprehended Agbor Martins Black-Diamond, who allegedly posed as a World Bank official to defraud Kenyan victims of $250,000 over three years.
Investigations revealed he staged fake symposiums and falsely promised access to donor funding, even coercing victims into taking loans for a non-existent $850,000 grant.
He also reportedly extended the scam to local farmers in Abuja’s Kuje area.
In a separate case, officers arrested a former employee, Chinedu Mbachu, accused of diverting company funds through unauthorised system access and personal accounts.
Similarly, two suspects, Ayodele Daramola and Dada Babatunde Oluwatobi, were nabbed over a Business Email Compromise scheme that siphoned ₦85 million from a firm.
Police disclosed that a significant portion of the funds was lost to online gambling, while cash, a vehicle, and electronic devices were recovered.
Inspector-General of Police, Olatunji Rilwan Disu, reaffirmed that Nigeria is not a safe haven for cybercriminals, pledging intensified efforts to protect the country’s digital economy and bring offenders to justice.
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