The Economic and Financial Crimes Commission (EFCC) has traced over 300,000 dollars laundered to a suspected internet fraudster. According to a statement by EFCC Spokesperson Mr. Dele Oyewale on Tuesday in Abuja, the suspect was among 35 individuals arrested on Sunday in the Auchi area of Edo State.

Oyewale stated that the arrests followed credible intelligence linking the suspects to fraudulent internet activities. Investigations revealed that the suspect had collected and laundered over $300,000 for his syndicate members who are currently at large.

In addition to internet fraud, EFCC's investigations indicated the suspect's involvement in investment and banking fraud. The suspect will be charged to court upon conclusion of the investigation.