A popular Crypto trader Linus Williams Ifejika commonly known as BLORD, on Monday honoured the invitation by the Nigeria Police Force National Cyber Crime Center (NPF-NCCC) in Abuja.
In a SITREP sighted by ait.live, the NPF-NCCC is currently investigating complaints lodged against BLORD
which include cryptocurrency fraud, aiding internet fraud, computer-related fraud, terrorism funding, and non-compliance with regulatory frameworks.
The SIT-REP also indicated that contrary to reports that the Crypto trader has been arrested, Williams Ifejika, identified as the CEO of several business entities, has rather honoured Police invite, while investigation is ongoing.
These entities are being scrutinized for suspicions of their involvements in money laundering, facilitating illegal Cyptocurrency trade, and enabling other illicit financial transactions.
Notably, these entities are being accused of operating without the required registration with the Central Bank of Nigeria (CBN) and are not compliant with tax obligations.
Additionally, Ifejika is answering questions for allegedly overseeing an undisclosed cryptocurrency service that lacks necessary registration or licensing from the Securities and Exchange Commission (SEC).
The digital banking services provided by these entities are reportedly being exploited by cybercriminals to perpetrate various forms of internet frauds, thereby enabling criminal activities on a large scale.
Editor: Ken Eseni
