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

The 47-year-old suspect, a member of a trans-border syndicate that specialises in credit card fraud, was arrested on Thursday, April 23, 2026, in the Ikorodu area of Lagos.

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

The suspect will be charged to court as soon as investigations are concluded.