The Economic and Financial Crimes Commission (EFCC) has said the sting operation by its operatives on Monday, October 26, 2026, at Applewood Estate, Orchid Road, Lekki, Lagos State, was professional.
It said the operation aimed to apprehend suspected cybercrime fraudsters who obtain money from unsuspecting victims through gift cards, cryptocurrencies, and international money transfers by impersonating several individuals.
The agency said the operation, carried out by 5 am, led to the arrest of twenty-one (21) suspected cybercrime fraudsters and the seizure of five exotic cars.
"The fraudsters were apprehended professionally owing to diligent pre-arrest surveillance and reconnaissance of the activities of the fraudsters. A young lady who stood in the way of the operation by making telephone calls to alert the fraudsters was held and her phone confiscated until the conclusion of the operation. The phone was later released to her.
"Preliminary investigations of the arrested suspects indicted nineteen(19) of them, while the remaining two have been released.
All the indicted suspects will be arraigned in court immediately.
"While the EFCC continues its crusade and operational dynamics against economic and financial crimes and other acts of corruption, the public is enjoined to keep faith with it and loudly condemn the activities of fraudsters bringing the nation to disrepute.
"The Sting Operation at Applewood Estate was professionally carried out, with no record of harassment, intimidation or unlawful arrest of anyone. The Commission is open to constructive engagement by well-meaning Nigerians but blackmailers and alarmists will not be allowed to sabotage its mandate," EFCC said.
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