The Economic and Financial Crimes Commission (EFCC) has announced the arrest of 792 suspects linked to investment and cryptocurrency-related fraud across the country.

EFCC Chairman, Ola Olukoyede, represented by the Director of Public Affairs, Wilson Uwujaren, disclosed this on Thursday in Abuja during a press briefing marking his second anniversary in office.

According to Olukoyede, the large-scale operation included the arrest of 192 foreign nationals involved in cyberterrorism and crypto fraud, who were later prosecuted and deported.

“Another notable arrest and prosecution was the case of 792 investment and cryptocurrency fraud suspects apprehended in a sting operation in Lagos in December 2024. The syndicate included 192 foreigners, who have since been prosecuted for cyberterrorism and cryptocurrency fraud and deported,” he said.

The EFCC boss emphasised that the arrests send a clear message that Nigeria will not serve as a safe haven for cybercriminals.

“This development conveys the message that Nigeria will not tolerate foreigners turning it into a safe haven for cybercrimes,” Olukoyede added.

He further shared the Commission’s performance report, revealing that between October 2023 and September 2025, the EFCC received 19,318 petitions, conducted 29,240 investigations, filed 10,525 cases, and secured 7,503 convictions.

Olukoyede said the statistics highlight the Commission’s intensified efforts to combat complex financial crimes, including investment scams, cyberfraud, and money laundering.

The EFCC also secured the forfeiture of 1,502 real estate assets in two years, including 753 duplex units in Lokogoma, Abuja, and Nok University, now renamed the Federal University of Applied Sciences, Kachia, Kaduna State.

“The total forfeited real estate assets in two years is 1,502 properties, comprising 402 in 2023, 975 in 2024, and 125 so far this year,” he said.

Olukoyede disclosed that the Commission recovered ₦566.3 billion and various foreign currencies within the same period, including $411.6 million, £71,306, and €182,877, among others.

He reaffirmed the EFCC’s commitment to fighting cyber-enabled crimes and recovering stolen assets to restore integrity and public confidence in Nigeria’s financial system.

Nigeria has in recent years faced a growing wave of investment and cryptocurrency-related scams, with victims losing billions of naira to fraudulent digital trading platforms and Ponzi-style investment schemes disguised as legitimate businesses.