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EFCC Traces N223m To Bank Account Of ‘Yahoo Boys’ In Ekiti

The Economic and Financial Crimes Commission says it has traced N223million in illicit transactions in the bank account of arrested Ekiti-based internet fraudster, Ajayi Gbenga Festus.

Friday Ebelo who is the head of the Ibadan Zonal Head of the anti-graft agency, made this known during a press conference at its Iyaganku, Ibadan zonal office today Wednesday August 28th.

According to Ebelo, Festus ran a syndicate with other cybercriminals abroad to illegally gain access into the accounts of individuals and organisations to defraud them of their money.

He said illicit transactions made through Festus’ Nigerian bank accounts amounted to N223million, noting that the suspect serves as a conduit pipe through which proceeds of crime reach members of the syndicate.

At the press briefing, Ebelo advised the 80 Nigerians indicted by the FBI in massive cybercrime cases to come out of their hiding and clear their names before EFCC operatives get to them.

He said its operatives will arrest those within Nigeria, adding that the operatives have begun a background check on the suspects.

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Victor Akande

Victor Akande, a blogger by profession for the past 7 years. He studied Mathematics at the University of Nigeria, Nsukka Contact: +2348053316946 Twitter: @Newsflash2471

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