EFCC Arraigns Alleged Fake Investor Over $525,276 Fraud Involving Americans
The Economic and Financial Crimes Commission (EFCC) has arraigned one Victor Ekpong Thompson before the Federal High Court in Uyo for allegedly defrauding several American citizens of $525,276 through a fictitious investment scheme. The commission disclosed the development in an official statement, noting that the case underscores ongoing efforts to combat financial crimes targeting international victims.
Thompson was brought before Justice Maureen Adaobi on an eight-count charge bordering on obtaining money by false pretence. The charges are linked to purported investments in mineral resources and a deep-sea port business. According to the EFCC, the defendant presented himself as an investment facilitator between April and December 2024, persuading victims including Tammy Jensen, Peter Jensen, and Kenneth Blad to commit funds to projects later found to be non-existent.
One specific charge alleges that Thompson fraudulently obtained $213,350 from the victims under the guise of joint investments. The offence is contrary to Section 1(1)(b) of the Advance Fee Fraud and Other Related Offences Act, 2006. Following the arraignment, Justice Adaobi adjourned the matter to March 19, 2026, for a ruling on the bail application and the commencement of trial.
This case highlights a pattern of investment scams in Nigeria, where schemes often target both local and foreign investors under the guise of legitimate opportunities. The EFCC’s sustained crackdown extends beyond such scams to include corruption, contract fraud, and illicit financial flows. In related financial oversight news, the commission also cited significant lapses in customer due diligence during the 2024/2025 financial year, having uncovered a N162 billion cryptocurrency-related fraud involving several financial institutions. This broad regulatory scrutiny occurs alongside other notable legal proceedings, such as the recent court remands of NEDC officials and cases involving figures like Malami, his wife, and son, while Ogun records 502 new cases of various offences and the political landscape adjusts following the late Akingboye’s son stepping into a new role.
The EFCC’s actions reflect a continued focus on addressing critical gaps in Nigeria’s regulatory framework, aiming to restore confidence for both domestic and international stakeholders.
