NSCDC Arrests 4 Suspects, Uncovers ₦78.3M Investment Fraud In Kwara

The Nigeria Security and Civil Defence Corps (NSCDC), Kwara State Command, has arrested four suspects in separate operations involving an alleged ₦78.3 million PXES investment fraud and a suspected cult clash in Ilorin.

State Commandant, Abbas Nda Mohammed, disclosed this during a press briefing in Ilorin the State capital.

The alleged fraud suspect, 33-year-old Onwucheku Odum Umeh, was arrested in Ikeja, Lagos, on October 15, following a complaint received on September 19. Preliminary investigations revealed that six investors allegedly committed ₦78,360,709 to the PXES platform before it became inaccessible. The NSCDC has urged affected investors to submit relevant evidence.

In a separate operation, three suspects were arrested over an alleged retaliatory attack linked to a suspected cult clash in Ilorin, reportedly led by 29-year-old Oluwafemi Olarewaju.

A locally fabricated pistol and mobile phones were reportedly recovered, while other suspected participants fled.The Command says investigations are ongoing, after which the suspects will be charged to court.