Nigerian Man Arrested for Scamming 139 Australians of $8 Million in Cryptocurrency Fraud

A Nigerian man, Osang Otukpa, has been arrested by the Economic and Financial Crimes Commission (EFCC) for masterminding a massive scam that defrauded 139 Australians of over $8 million AUD.

Otukpa was caught at the Murtala Mohammed International Airport in Lagos on December 6, 2024, as he arrived from the United States. He used five different aliases—Ford Thompson, Oscar Donald Tyler, Michael Haye, Jose Vitto, and Kristin Davidson—to deceive his victims.

Through social media platforms, he convinced them to invest in a fake cryptocurrency scheme called Liquid Asset Group.

The stolen funds were funneled through a global cryptocurrency exchange platform into his accounts. The EFCC has stated that Otukpa will face charges once the investigation is completed.

This case highlights the increasing sophistication of online scams targeting unsuspecting individuals.

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