Operatives of the Lagos Zonal Directorate 2 of the Economic and Financial Crimes Commission (EFCC), Ikoyi, have arrested a Cameroonian businessman, Bekono Eric, for allegedly defrauding a first-generation bank of about N1.5 billion.

The 47-year-old suspect was apprehended on Thursday, April 23, 2026, in the Ikorodu area of Lagos. According to the EFCC, he is believed to be part of a trans-border syndicate that specialises in credit card fraud.

Investigations revealed that members of the group allegedly open bank accounts in Nigeria, obtain Automated Teller Machine (ATM) cards and PINs, and travel to neighbouring countries where they use the cards to carry out fraudulent transactions on accounts belonging to customers with high balances.

The anti-graft agency stated that the suspect will be charged in court upon the conclusion of investigations.