The Delta State Police Command has detained four individuals who have been utilizing their bank accounts to collect and launder ransom payments on behalf of kidnappers.
As stated by Bright Edafe, the Police Public Relations Officer of the state, in a report on X.com on Wednesday, the suspects were taking a 15% share of the ransom funds and then withdrawing the remaining 85% through Point of Sale machines to subsequently deliver the cash to the kidnappers.
Additionally, the suspects have reportedly admitted to using the profits to support their ambitions of establishing a cryptocurrency platform, purportedly for engaging in internet fraud activities.
In a social media post where Edafe shared a video clip featuring the suspects, he noted, “The suspects were facilitating the collection of kidnapping ransom funds via their accounts, retaining 15% and extracting the remaining 85% through PoS terminals for handover to the kidnappers in physical currency.
“They have also disclosed that they were funneling the funds into setting up a crypto platform for online scamming. Please take a moment to hear about their methodology.”
Access the video by following the link provided below: