A suspect of cyber fraud, Oseghale Collins, was on Tuesday, August 20, 2019, arrested by operatives of the Economic and Financial Crimes Commission (EFCC), Benin Zonal Office at his hideout in Benin City, Edo State. Collins who specialises in Business Email Compromise, BEC, was arrested alongside two brothers, Stephen and Fred Emefiele, who are also alleged to be involved in internet fraud.
According to the anti-graft agency, in his confessional statement, the cyber fraud Collins stated that he specialises in BEC and that his modus operandi was to search for email addresses especially official business email addresses, create a phishing link and compromise the process in order to defraud unsuspecting victims.
The Commission added that when operatives arrived their apartment in the Government Reservation Area, GRA, in Benin City, they met what appears to be a workstation of laptops, printer, internet modem, flash drive, with which they operate. A Mercedes Benz ML 350 was also recovered from the suspect.