NSCDC arrests suspects over alleged funding fraud, cult-related case

The Nigeria Security and Civil Defence Corps, NSCDC, Kwara State Command, has arrested two individuals concerned in several offences of alleged N78.4 million PXES funding fraud and a cult-related case.

ASC Ayoola Michael Shola, Command’s Public Relations Officer, Kwara State Command, stated operatives additionally recovered a domestically fabricated pistol and cellphones in one of many arrests.

According to the assertion, a suspected fraudster, 33-year-old Onwucheku Odum Umeh, was concerned in alleged funding fraud involving the PXES funding platform.

It stated the suspect was apprehended at about 12 midday on the fifteenth of October 2026 in Ikeja, Lagos State, by operatives of the Command’s Tracking Unit following investigative and intelligence-gathering efforts.

“The complaint bordered on alleged cheating, fraudulent activities and obtaining money under false pretences,” it stated.

Preliminary investigations point out that six buyers reportedly dedicated a mixed sum of N78,360,709 (Seventy-Eight Million, Three Hundred and Sixty Thousand, Seven Hundred and Nine Naira) to the platform.

Further investigative findings reportedly traced the account into which the buyers paid their funds to the suspect. The investigation additionally established a reported hyperlink between the PXES platform and Ragekay Global Investment Limited, with a considerable portion of the buyers’ funds reportedly traced to the corporate’s account.

The Command urged members of the general public who invested in PXES and imagine they’ve suffered monetary losses to come back ahead with related documentary proof, together with financial institution switch receipts, transaction data, fee confirmations and communications with the platform. Such info will help investigators in corroborating complaints, figuring out affected individuals and advancing the continued investigation.

In a separate operation, the Command apprehended Oluwafemi Olarewaju, 29, in reference to a suspected cult-related conflict in Ilorin, Kwara State.

Preliminary findings point out that the suspect allegedly went to retaliate following the conflict, whereas different individuals suspected of involvement reportedly fled the scene.

A domestically fabricated pistol and cellphones had been recovered in the middle of the investigation.

The Kwara State Commandant of the NSCDC, Abbas Ndah Mohammed, reaffirmed the Command’s resolve to maintain proactive, intelligence-led operations towards prison actions and strengthen efforts to safeguard residents throughout the state.

He urged members of the general public to help safety operations by offering well timed, credible and actionable info, stressing that public cooperation stays important to crime prevention and efficient legislation enforcement.

The Commandant assured the general public that investigations into each circumstances are ongoing and that applicable authorized motion will observe because the investigations progress.