The Economic and Financial Crimes Commission has arrested Innocent Ezuma, an Abuja businessman, on fraud allegations. The alleged fraud involved more than $120 million obtained from a Ukrainian investor. Investigators say the money was sought for projects that did not exist. The case centers on the use of fabricated investment promises to extract large sums from a foreign investor. Ezuma was taken into custody as the commission continued its investigation. Prosecutors will need to establish the alleged deception, document the flow of funds and prove that the projects were never real.