EFCC Arrests Nigerian-American Over Alleged $320,000 Vehicle Import Fraud

The Economic and Financial Crimes Commission has arrested a Nigerian-American, Adegoke Oluwatobi Adams, over an alleged cross-border vehicle import fraud involving more than $320,000.

PM News and Punch reported that the suspect, who holds Nigerian and United States citizenship, was arrested by operatives of the EFCC Ilorin Zonal Directorate for investigation over alleged criminal breach of trust and obtaining money by false pretence.

According to the reports, the EFCC said preliminary findings linked the suspect to a United States-based syndicate that allegedly defrauded Nigerians under the guise of buying and importing vehicles from America.

The commission alleged that Adams advertised a 2024 Mercedes-Benz G63 AMG to prospective buyers in Nigeria while abroad, promising to purchase and ship the luxury vehicle. The reported value of the alleged fraud was more than $320,000, about ₦434.88m.

The case remains an allegation at this stage. The EFCC said the suspect is under investigation, and NaijaTrend is not presenting the allegations as a conviction or proof of guilt.

Sources: PM News, Punch