Lagos-based Man Allegedly Defrauds Trump’s 2025 Inauguration Fund Of N460 Million

The FBI has filed a legal complaint to seize assets belonging to Lagos-based fraudster Ehiremen Aigbokhan, who is accused of orchestrating a cryptocurrency scam that stole over ₦460 million ($250,000) meant for Donald Trump’s 2025 presidential inauguration.

According to U.S. court documents, Aigbokhan and his associates used a Business Email Compromise (BEC) scheme to impersonate officials from the Trump-Vance Inaugural Committee.

They created fake email addresses that closely resembled that of Steve Witkoff, a real estate executive and co-chair of the event, to deceive a donor.

On December 26, 2024, the fraudsters successfully tricked the donor into transferring 250,300 USDT.ETH — a form of cryptocurrency — which was valued at over ₦400 million at the time. The stolen funds were quickly dispersed across several digital wallets, with 215,000 USDT.ETH being moved within days.

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The FBI, working with cryptocurrency firm Tether, identified the fraudulent activity and froze the affected accounts on December 31. Aigbokhan was traced to Lagos, Nigeria, prompting a full-scale investigation by U.S. authorities.

Aigbokhan is also wanted for his involvement in broader cryptocurrency fraud and money laundering operations.

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