ABUJA – The Economic and Financial Crimes Commission (EFCC) has arrested Osang Usie Otukpa, a Nigerian national, for allegedly defrauding 139 Australians of $8 million AUD through a fraudulent cryptocurrency investment scheme.
The arrest occurred at the Murtala Mohammed International Airport in Lagos as Otukpa returned from the United States.
According to Dele Oyewale, EFCC’s Head of Media and Publicity, Otukpa operated under multiple aliases, including Ford Thompson, Oscar Donald Tyler, Michael Haye, Jose Vitto, and Kristin Davidson.
He promoted a fake cryptocurrency platform named Liquid Asset Group on social media, luring investors with promises of high returns.
The victims, who believed they were investing in a legitimate platform, suffered significant financial losses.
Investigations revealed that the fraudulent proceeds were funnelled into Otukpa’s bank accounts through a global cryptocurrency exchange.
In an official statement, the EFCC said:
“Operatives of EFCC have arrested a suspected online fraudster, Osang Usie Otukpa, for allegedly duping 139 Australians to $AUD8,000,000. He was picked up in a stakeout at the Murtala Mohammed International Airport, Ikeja, Lagos, upon arrival from the United States on Friday, December 6, 2024.”
The EFCC confirmed that investigations are ongoing and that Otukpa will face prosecution upon completion. The case underscores Nigeria’s commitment to combating cybercrime and protecting the integrity of global financial systems.
This arrest is part of the EFCC’s broader effort to combat online fraud and restore confidence in digital investments. It also highlights the growing risks associated with cryptocurrency platforms and the importance of due diligence for investors.
This development reinforces the need for international cooperation in addressing cyber-related financial crimes.
