LAGOS — Operatives of the Economic and Financial Crimes Commission (EFCC) have apprehended a 47-year-old Cameroonian national, Bekono Marc Eric, in connection with a massive ₦1.5 billion credit card fraud targeting a first-generation Nigerian bank.
Eric, described as a key figure in a sophisticated trans-border criminal syndicate, was smoked out of his hideout in the Ikorodu area of Lagos on Thursday, April 23, 2026.
The Modus Operandi
Investigations by the Lagos Zonal Directorate reveal a calculated scheme designed to bypass local security triggers. According to EFCC sources, the syndicate’s strategy involves:
- Account Opening: Members open legitimate accounts within Nigeria.
- Tool Procurement: They obtain valid ATM cards and their corresponding PINs.
- Cross-Border Execution: The suspects then travel to neighboring West African countries to use these cards.
- High-Value Targeting: Once abroad, they execute fraudulent withdrawals and transfers specifically targeting accounts with high balances.
The EFCC noted that the suspect’s arrest is a major breakthrough in dismantling networks that exploit regional banking vulnerabilities. Bekono Marc Eric remains in custody and is expected to be arraigned in court as soon as the anti-graft agency concludes its forensic investigation.
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