The Economic and Financial Crimes Commission, EFCC, has arrested one Olu Adebanjo, a suspected fraudster who heads a syndicate that extorts money from people under the guise of clearing them of non-existent petition purportedly brought against them by the Commission.

Wilson Uwujaren, Head, Media and Publicity of the EFCC made this known on Monday in Abuja.

Uwajuren explained that the 45-year-old businessman was arrested on June 17, 2016 in a failed attempt to swindle Julius Okojie, Executive Secretary, National Universities Commission,NUC, of N3million in order to clear him of a purported corruption allegation.

Okojie, having also intimated the anti-graft agency of the activities of fraudsters impersonating him to defraud vice chancellors of various universities, was advised to play along.

Consequently, the suspect was arrested while trying to cash ‘the money’ from one of the new generation banks.

He will be charged to court as soon as investigation is concluded.