The Economic and Financial Crimes Commission (EFCC) has recovered ₦64.8 million and handed it over to a petroleum products dealer, Mr. Uzoechina Vincent Anene, who was defrauded in a failed business transaction.
The funds were presented on Tuesday, January 13, 2026, by the Acting Zonal Director of the EFCC, Benin Zonal Directorate, Deputy Commander of the EFCC, DCE Sa’ad Hanafi Sa’ad.
Anene had petitioned the Commission after allegedly being defrauded of ₦65.7 million in October 2024 by one Adegboyega Adebanbo, who claimed he would supply 90,000 litres of naphtha. After the money was transferred, the product was never delivered.
EFCC investigations revealed that the suspect had travelled out of the country but transferred ₦64.8 million through multiple accounts linked to associates. The Commission traced the transactions and successfully recovered the funds.
Presenting the bank draft, the EFCC cautioned Nigerians to be vigilant in business dealings, warning against fraudsters posing as suppliers.
A visibly elated Anene commended the EFCC for its professionalism and swift intervention.
The suspects have been charged to court.
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