Wednesday, December 1

N250m crypto fraud: Police ordered to arrest, detain Businesswoman

A Federal High Court sitting in Abuja has granted the request of the Inspector General of Police, IGP, Alkali Baba Usman to arrest and detain a Lagos businesswoman, Mrs. Min Ling, for 90 days.

The presiding judge, Justice Inyang Eden Ekwo ordered that the woman, who was accused of duping two London-based businessmen to the tune of N250 million, be kept in police custody upon her arrest pending completion of an investigation into the complaints of fraud brought against her.

It was however learnt that the 90 days detention order is to commence counting from the day of the suspect’s arrest in any part of Nigeria or abroad.

The arrest and detention request was granted by Ekwo while delivering the ruling in an ex-parte application filed by the Inspector General of Police.

In an affidavit evidence in support of the ex-parte motion, the police chief had claimed to have received a petition from a Lagos-based Spirit Law Firm on behalf of two London-based businessmen, Demein Oluwagbemi and Ogunleye Temitope, who complained that they have been defrauded to the tune of about N250 million.

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According to the petition, the two London based businessmen are into cryptocurrency trading, dealing in Bitcoin transactions with the wanted woman acting as their agent in Nigeria.

The affidavit also alleged that Mrs Ling, after defrauding the unsuspecting victims relocated from her Ikeja known address and also changed her telephone numbers to cut her victims off from reaching or making any contact with her.

Police authorities however claimed that preliminary investigation showed that the woman alongside her accomplices have escaped to an unknown destination.

After carefully scrutinizing the affidavit evidence, Justice Ekwo granted the order to the IGP to go after the suspect, arrest and detain her for not more than 90 days.

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