The Nigeria Security and Civil Defence Corps, NSCDC, Kwara State Command, has arrested two individuals concerned in numerous offences of alleged N78.4 million PXES investment fraud and a cult-related case.
ASC Ayoola Michael Shola, Command’s Public Relations Officer, Kwara State Command, mentioned operatives additionally recovered a regionally fabricated pistol and cell phones in one of many arrests.
According to the assertion, a suspected fraudster, 33-year-old Onwucheku Odum Umeh, was concerned in alleged investment fraud involving the PXES investment platform.
It mentioned 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 mentioned.
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 consider they’ve suffered monetary losses to return ahead with related documentary proof, together with financial institution switch receipts, transaction information, cost 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 regionally fabricated pistol and cell phones have been recovered in the midst 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 acceptable authorized motion will comply with because the investigations progress.
