Alleged $4.5bn PTF Fraud: EFCC Arrests Fake Journalist for Claiming to Stop Investigation
June 4, 2025
The Economic and Financial Crimes Commission, EFCC, has arrested a fake Journalist, Ernesto Chukwudum Chukwukamma for alleged extortion, impersonation and obtaining by false pretense.
In a statement by the EFCC, Chukwukamma obtained under false pretense the sum of N2,000,000.00 to influence the investigation of the sum of $4,500,000,000 alleged Petroleum Trust Fund, PTF, Fraud.
Chukwukamma, 63, was arrested for allegedly threatening the life of a petitioner and receiving financial inducement from him to stop the investigation of $4,500,000,000.00 alleged Petroleum Trust Fund, PTF, Fraud.
The suspect allegedly presented himself to the petitioner as a journalist attached to the EFCC.
He also allegedly informed the petitioner that other Journalists who are members of a Correspondence Chapel attached to the Commission had a report of how he stole the sum of $4,500,000,000 in the process of winding up the activities of the Petroleum Trust Fund.
He will be charged to court upon conclusion of investigation.