The Kwara State Command of the Nigeria Security and Civil Defence Corps (NSCDC), has arrested a suspect Onwucheku Odum Umeh,33, over an alleged N78.3m funding fraud.
The NSCDC disclosed that six buyers allegedly misplaced a mixed N78,360,709 to the suspected funding scheme operated via the PXES platform, which reportedly grew to become inaccessible, leaving buyers unable to retrieve their funds.
The spokesperson of the state NSCDC, Ayoola Michael Shola confirmed the arrest of the suspected fraudster in a press release yesterday.
He mentioned Umeh was arrested on October 15,2026 in Ikeja, Lagos State by operatives of the command’s Tracking Unit following intelligence gathering and investigations right into a grievance acquired on September 19, 2026.
Ayoola mentioned preliminary findings traced the account into which the buyers paid their cash to the suspect.
“Investigators also reportedly established a link between the PXES platform and Ragekay Global Investment Limited, with a substantial portion of the funds traced to the company’s account” , he added.
The command’s spokesperson mentioned the suspect recognized one Khadijat Mamma Yahaya as the one who launched him to the funding association, including that efforts had been ongoing to find her and decide whether or not different people had been concerned.
He urged affected buyers to return ahead with financial institution switch receipts, transaction information, fee confirmations and communications with the platform to help investigations and set up the total scale of the alleged fraud.
In a separate operation, the command arrested Oluwafemi Olarewaju, 29, over a suspected cult-related conflict in Ilorin.
The command’s spokesperson mentioned preliminary findings indicated that Olarewaju allegedly went to retaliate following the conflict, whereas different suspected members reportedly fled the scene.
He mentioned a domestically fabricated pistol and cell phones had been recovered throughout the investigation.
The NSCDC mentioned investigations had been ongoing in each instances to ascertain the info and decide the suitable authorized motion towards anybody discovered culpable.
The state Commandant of the NSCDC, Abbas Ndah Mohammed, reaffirmed the command’s dedication to intelligence-led operations towards legal actions and the safety of lives and property throughout the state.
He urged residents to supply well timed and credible info to safety companies, stressing that public cooperation remained important to crime prevention and efficient legislation enforcement.
He additionally suggested members of the general public to confirm the credibility of funding operators earlier than committing their cash, significantly the place the legitimacy of a scheme couldn’t be independently established.
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