The statement was posted on the commission's website on Wednesday, September 12, 2019, that Chukwuebuka, a graduate, was arrested on Aug. 5 around the Jakande-Lekki area of Lagos.

The statement also revealed that the suspect was arrested during a collaborative operation by the EFCC and the Federal Bureau of Investigation (FBI).

Chukwuebuka, alongside his conspirators, Idowu Adetokunbo Taiwo and Sherrif Shoaga, allegedly engaged in business e-mail compromise (BEC), where they redirected the sum of four million dollars,” it said.

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The statement, which said that the money was redirected to several accounts between 2016 and 2018, added that a Nissan car was recovered from the suspect at the point of his arrest.

It said that the suspect would soon be arraigned before the court.