Interpol has apprehended 300 individuals believed to be members of the notorious Black Axe group as part of a comprehensive international operation

Interpol’s Operation Jackal III successfully apprehended 300 members of the Black Axe, confiscated $3 million worth of assets, and placed a freeze on 700 bank accounts.

Interpol has made a significant announcement regarding the arrest of 300 individuals who are believed to be members of the Black Axe group.

The arrests took place in 21 countries between April and July 2024 as part of Operation Jackal III.

Black Axe, infamous in Nigeria, is recognized for its aggressive and unlawful actions.

A significant number of individuals are hired from universities.

According to Tomonobu Kaya, a senior official at Interpol’s Financial Crime and Anti-Corruption Centre, the operation dealt a major blow to the criminal organization.

Kaya observed that the group has been involved in numerous online frauds worth millions of dollars.

“They have a strong sense of organization and structure,” Kaya explained. It is concerning how swiftly criminal groups embrace emerging technologies, and unfortunately, numerous fintech advancements contribute to the ease of illegal money transfers on a global scale.

Kaya highlighted the significance of collecting and analyzing data from these countries to gain insights into their operational approaches.

Operation Jackal III led to the seizure of $3 million in illicit assets and the suspension of more than 700 bank accounts associated with the individuals involved in the group.

Despite ongoing attempts to dismantle it, Black Axe persists in its criminal activities.