EFCC Arrests 50 ‘Yahoo Boys’

The Economic and Financial Crimes Commission (EFCC), Kaduna Zonal Office has arrested 50 Internet fraudsters, popularly Nigeria called “Yahoo Boys” and secured conviction of 23.

EFCC said N198,727,241.5million and $48,000 US were recovered in cash and draft from January to date.

Addressing a news conference on Wednesday at the anti-graft agency’s office, the Zonal Head, Mailafia Yakubu, said the commission has collaborated with the Federal Bureau for Investigation (FBI).

He said: “The collaboration between the commission and FBI has led to the recovery of $314,000 (Three hundred and fourteen thousand USD and about N373, 000,000 (Three hundred and seventy three million naira) from computer related fraud. Perpetrators have been traced and recovery made, while N373million has been traced to commercial banks.

“The zonal office from January to date received 345 petitions, 286 were considered for investigations, 52 forwarded to legal and prosecution department, 56 cases in court, recovered N198,727,241.5million and $48,000 in cash and draft.

“The recent joint operation conducted by the commission has yielded tremendous success, while some of the suspects have been arrested, prosecuted and convicted. One of the suspects linked to FBI wanted list was arrested in Kaduna.”

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Sade Adewale

Sade Adewale is an experienced editor. She Studied Sociology at the Ekiti State University, Ado Ekiti. Diploma in Journalism in Lateef Jakande House, Ogba, Ikeja, Lagos State. Contact: [email protected]

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