Nigerian Authorities Arrest Suspect Behind Polyfarm Crypto Scam
On Jan. 31, 2026, the NSCDC apprehended an individual alleged to have operated Polyfarm, a fake cryptocurrency investment site that law enforcement says swindled many Nigerians out of funds. Authorities described the operation as targeting users on a large scale and have opened an investigation into the platform’s transactions and beneficiaries.
The arrest is part of broader efforts to curb crypto-related scams and protect retail investors; authorities are expected to pursue criminal charges and attempt asset recovery where possible. The case underscores persistent risks for consumers in unregulated or opaque crypto offers and serves as a reminder to verify platform credentials, exercise due diligence, and report suspicious schemes to law enforcement.