...Records 111 Internet fraud convictions in South West

The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has disclosed that the agency is collating comprehensive data on the Nigerians indicted in the recently busted money laundering and cyber crime offences in the United States.

80 suspects, most of whom were Nigerians, were allegedly involved in the crimes investigated by the Federal Bureau of Investigation, FBI, in the U.S.

Magu who spoke through the Head of the Ibadan zonal office, Friday Ebelo, during a press conference in Ibadan, Oyo State, said the massive data collection was part of the collaborative activities between the EFCC and FBI to ensure that criminal elements are exposed and made to pay for their crimes.

Journalists in attendance at the event were held spellbound when Ebelo took them through the intricate connections between the local Yahoo Boys and their offshore criminal collaborators.

According to him, the essence the data mining exercise was to established any form of relationship the indicted individuals may have with Nigeria-based suspects, and how this could help in furthering the fight against economic and financial crimes in the country.

He said some of the information earlier collected have led to the arrest of many internet fraudsters, adding that one of the kingpins was nabbed during a recent raid in Ado-Ekiti, Ekiti State.

[b]The kingpin Ajayi Gbenga Festus, he added, was found to be deeply involved in many internet-related frauds from which he had benefited up to N75 million in the last eight months.

“We were able to establish a number of illicit transactions through his Nigerian bank account amounting to over N223 million. Ajayi serves as conduit pipe through which proceeds of crime reach members of the syndicate,” he stated.

Ebelo also disclosed that in the course of the year, the zone arrested 263 suspects in Southwest for cyber crimes. Of this number, 111 were convicted.

Apart from landed properties, vehicles, laptops and other valuables forfeited on the order of court, huge sums of money in local and foreign currencies traced to internet fraud were also recovered.

https://www.dailytrust.com.ng/efcc-gathering-intel-on-nigerians-indicted-in-us-magu.html

Too bad.


Brand new Apple iPad - 6th Generation - 128GB - WiFi + Cellular - Silver for sale. It is affordable.
Contact in my signature.

"The kingpin AJAYI GBENGA FESTUS"

I rest my case.

TundeBricklayer:
Crime doesn't pay

I tell you it has never payed

Efcc has suddenly suddenly woke up from abysmal slumber..

I'm not supporting evil but why is the federal government not supporting their own bcuz Americans can never be treated like this in another country or are you telling me that Americans don't commit crime

One thing is certain in this life.

WhatsOever yOu sOw that's what yOu will reap.

If you dO gOod... Good things will come yOur way

If yOu dO bad stuffs... You will surely get ur reward in a negative form.

In essence,its Good to be Good

Well... If yOu need Original unadulterated honey

Call or whatsapp me on 081 0166 6771

FBI Need to investigate EFCC

Crime doesn't pay

Useless commission. FBI have been more proactive in fishing these fraudsters out while their counterparts here have been giving figures with nothing to show for. They should borrow a leaf from them. Simple.

Intel here means dada, benz, pant, hotel.. Abi no be efcc again

EFCC is s big fraud.
What are their names? How did you track them other than rounding up both the innocent and the guilty?
How much did you recover?
You need to do better

They wan follow US shine

Okay

if you like gather Microsoft... All the money wey dem don recover from Yahoo boys alone neva reach 1 billion na Noise dem just dey make

Z

ha

Well, arrest them, collect their Benz and money then tell us 'they will be charged to court when investigation is completed' then release them the next day.

Afonja's will still claim is a south East thing, watch how afonja's will avoid this thread

I heard about 4000 youths are already at the USA embassy waiting to be extradition

I heard about 4000 youths are already at the USA embassy waiting for the extradition

Efcc sud free these guys jor, only a greedy and insecured person will fall for internal fraudsters,
After all they are having a taste of their own medicine after dumping Nigerians with MMM, money doubler and the rest. Was anyone arraigned over fraud?

Efcc just dey do eye service...

Fear of politicians is the beginning of wisdom...EFCC

Awon were
Dem wan trend too.
Bunch of lazy asses