INTERPOL Operation Jackal IV / Black Axe Crypto Fraud Network
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anchored·5dt7AD…MAawSummary
Operation Jackal IV was an eight-month INTERPOL-coordinated law enforcement operation (November 2025 – June 2026) targeting the Black Axe organized-crime network and affiliated West African criminal groups across 22 countries on six continents. Results announced on August 25, 2026 documented 58 arrests and 263 suspects identified, with the underlying criminal network alleged to run romance scams, cryptocurrency and investment fraud, business email compromise, and a crime-as-a-service infrastructure that collectively caused hundreds of millions of dollars in victim losses. Black Axe itself is a transnational organized-crime syndicate founded in Nigeria in 1977 with an estimated 30,000 members and annual criminal proceeds alleged to exceed $5 billion.
Connected Entities
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Timeline(9 events)
1 January 1977
Black Axe founded as a student confraternity at the University of Benin, Edo State, Nigeria.
Africa Center for Strategic Studies1 January 2022
Operation Jackal I: INTERPOL coordinates crackdown across 14 countries, securing more than 70 arrests targeting Black Axe and affiliated West African crime groups.
INTERPOL1 April 2024
Operation Jackal III begins, running April through July 2024 across 21 countries.
INTERPOL28 August 2024
INTERPOL announces Operation Jackal III results: 300 arrests, more than 700 bank accounts frozen, approximately $3 million in assets seized across 21 countries.
INTERPOL / Arise News1 January 2024
Black Axe member Olugbenga Lawal sentenced to 10 years in US federal prison for laundering millions stolen from elderly Americans in internet fraud schemes.
Bleeping Computer / DOJ USAO-NJ1 November 2025
Operation Jackal IV begins, coordinating law enforcement across 22 countries on six continents.
INTERPOL30 June 2026
Operation Jackal IV field phase concludes after eight months of coordinated enforcement actions.
INTERPOL25 August 2026
INTERPOL announces Operation Jackal IV results: 58 arrests, 263 suspects identified across 22 countries. South Africa: 39 arrests, $2.67M seized, 257 bank accounts blocked. Romania: 11 arrests, ~€143M in alleged victim losses. Argentina: 17 arrests for crime-as-a-service network (196 identified).
INTERPOL11 September 2026
Five alleged Black Axe leaders — Perry Osagiede, Franklyn Edosa Osagiede, Osariemen Eric Clement, Collins Owhofasa Otughwor, and Musa Mudashiru — extradited from South Africa to the United States, facing wire fraud conspiracy and money laundering conspiracy charges in the District of New Jersey. These are charges only; no convictions have been entered.
DOJ USAO-NJDecision Log
- hash: GL9rnmJESBcXLVN6UbDkbGzuTcPx6e3j9nCDskNP7EMZ
This investigation is cryptographically anchored to the Solana blockchain (1 event). 19 of 19 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 9/29/2026, 12:13:33 PM
last updated: 9/29/2026, 5:10:54 PM
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