Tthe Nigerian Police Force (NPF) has arrested a politician - Ambassador Wilfred Bonse, who is suspected of stealing more than $246,153 (200 million naira) from Patricia Technologies' encrypted wallet.

ACP Olumuyiwa Adejobi, the police public relations officer, disclosed this in a statement released on Friday. Bonse is reported to have assisted hackers in laundering $61,538 (50 million naira) from the stolen funds.

The NPF spokesperson stated in the statement that Ambassador Wilfred Bonse was arrested for theft, converting cryptocurrency wallets, and transferring funds from Patricia Technologies Limited without authorization.