Police Uncover ₦1.5bn Fraud Scheme Linked to Self-Proclaimed ‘Obi of Lagos’

By Diafa Doubra,

The Nigeria Police Force has exposed a suspected ₦1.5 billion fraud allegedly masterminded by a man who introduced himself as the “Obi of Lagos.”

According to investigators, the suspect, whose real identity has not yet been disclosed, lured unsuspecting victims with promises of lucrative investments and business opportunities. Police sources revealed that the scheme was well-orchestrated, involving forged documents, impersonation, and elaborate deceit to win the confidence of wealthy targets.

Authorities confirmed that some victims had already lost millions of naira before the scam was uncovered. The police said they moved swiftly after receiving credible intelligence and are currently tracing accomplices believed to have played roles in the financial crime.

The Force reiterated its warning to Nigerians to be cautious of individuals parading themselves with titles or positions to gain trust, stressing that fraudsters are becoming increasingly sophisticated.

Meanwhile, investigations are ongoing, and the suspect is expected to face charges of fraud, impersonation, and obtaining money under false pretence once prosecution begins.