The Economic and Financial Crimes Commission, EFCC, Lagos office, yesterday, November 27th, captured a total of 29 exotic cars during a raid on the office of a Lagos-based automobile dealer, Astrax Auto Shop.
According to a statement released by the bureau, the raid followed intelligence report obtained by the Commission on the activities of the operators of the auto shop, that are said to be a syndicate of organized Internet fraudsters.
Investigation revealed that the syndicate, which specializes in Business Emails Compromise, BEC, in the United States of America, USA, generally moves proceeds of its alleged illegal company to a nominated bank accounts owned by their mules from the U.S.
The syndicate members supposedly launder the profits through money order, which they use to purchase cars in American auctions and ship same to Nigeria for sale.
The EFCC had previously arrested one of the syndicate members, Olusegun Micheal Adeyemi.
In his announcement to the EFCC, Adeyemi confirmed one Tayo Onilogbo Yusuf as the Managing Director of Astrax Autos and Automobile.
The cars recovered in the syndicate include: four Toyota Corolla; seven Toyota Camry; 2 Toyota Highlander; 2 Toyota Venza; 2 Range Rover; one Ford SUV; three Mercedes Benz; one Toyota 4runner; one Toyota Sienna; four Honda Accord; one Toyota Sequoia and one Kia automobile.