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EFCC Operatives Storm Astrax Autos In Lekki, Seizes 29 Exotic Cars

Farouk Mohammed
By Farouk Mohammed
Published: November 28, 2018
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2 Min Read
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Operatives of the Economic and Financial Crimes Commission (EFCC) seized a total of 29 exotic cars during a raid on the office of a Lagos-based car dealer, Astrax Auto Shop.

okay.ng learnt that the raid followed intelligence report received by the Commission on the activities of the operators of the auto shop, who are said to be a syndicate of organized Internet fraudsters.

The Commission explained that investigation revealed that the syndicate, which specializes in Business Emails Compromise, BEC, in the United States of America, USA, usually moves proceeds of its alleged illicit business to a nominated bank account owned by their mules in the United States.

The syndicate members purportedly launder the proceeds through money order, which they use to purchase cars in American auctions and ship same to Nigeria for sale.

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EFCC had earlier arrested one of the syndicate members, Olusegun Micheal Adeyemi. In his statement to the commission, Adeyemi confirmed one Tayo Onilogbo Yusuf as the Managing Director of Astrax Autos and Automobile.

The cars recovered from the syndicate include four Toyota Corolla; seven Toyota Camry; two Toyota Highlander; two Toyota Venza; two Range Rover; one Ford SUV; three Mercedes Benz; one Toyota 4runner; one Toyota Sienna; four Honda Accord; one Toyota Sequoia and one Kia car.

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TAGGED:Astrax AutosEFCCLekki
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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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