Operatives of the Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, have arrested one Chike Nosa Agada, an unlicensed foreign exchange dealer, for an alleged N2bn fraud.

Agada, a 37-year old native of Udi Local Government Area of Enugu State, was declared wanted by the Commission on Wednesday, October 11, 2023, for obtaining money under false pretence and stealing by conversion to the tune of N2billion

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He was arrested at a residence in the Bourdillon, Ikoyi area of Lagos on Monday, October 16, 2023 during a sting operation by operatives of the Commission, following credible intelligence linking him to the alleged fraud.

Upon arrest, a mobile device was recovered from him.

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The commission added that he will be charged to court as soon as investigations are concluded.

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