EFCC Seizes Billions in Jewelry from Socialite, Detains Owner

The Economic and Financial Crimes Commission (EFCC) has detained a popular socialite and businessman over the ownership of jewelry worth billions of naira.

The socialite, who has not been named, was detained after EFCC operatives raided his home and discovered the expensive jewelry. The commission is investigating the source of the wealth used to acquire the jewelry.

According to a statement by the EFCC, the detention is part of an ongoing investigation into money laundering and other financial crimes. The commission stated that the socialite's lifestyle and assets are not commensurate with his known sources of income.

The EFCC has assured that the investigation is ongoing and that more details will be revealed in due course. The commission has also warned that it will not hesitate to prosecute anyone found guilty of financial crimes.