Operatives of the Economic and Financial Crimes Commission (EFCC), Benin Zonal Directorate, have apprehended a 48-year-old woman, Mrs. Salt Adeaze Udoka, for her alleged involvement in a massive property fraud scheme totaling N165 million.
According to official statements from the Commission, Udoka—acting alongside two other suspects—reportedly orchestrated a sophisticated scam involving the purported sale of 100 acres of land located in Ewulu Kingdom, Delta State.
The Anatomy of the Fraud
Preliminary investigations suggest that the victim was lured into the deal under the impression that the transaction was legitimate. Following negotiations, the victim transferred the sum of N165,000,000 to Udoka and her identified accomplice, Ndubisi John Iheukwumere.
However, once the funds were secured, the suspects reportedly vanished. The EFCC noted that the duo “went out of circulation,” cutting off all communication channels and leaving the buyer with neither the title documents to the land nor a refund of the capital invested.
Current Status of Investigation
The EFCC confirmed that Mrs. Udoka is currently in custody and has provided “useful statements” that are aiding the ongoing investigation. Efforts are still underway to track down other members of the syndicate.
A spokesperson for the Commission reiterated its commitment to sanitizing the real estate sector, noting that the suspect will face formal charges in court immediately upon the conclusion of the investigation.
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