We Recovered $314,000, N373m From Internet Fraudsters In Collaboration With FBI

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Ibrahim Magu, acting chairman of the Economic and Financial Crimes Commission (EFCC), disclosed on Tuesday, August 27, that $314,000 and N373,000,000 have been recovered from internet fraudsters. Magu said this feat was recorded in collaboration with the Federal Bureau of Investigations (FBI) of the United States of America.

Legit.ng reports that the EFCC boss said while the sum of $314,000 had been recovered, N373 million had been traced to various commercial banks by the Lagos zonal office of the commission. Magu further disclosed that the recent joint operations coordinated by the EFCC led to 28 arrests while 14 suspects had been charged and convicted.

“Nine of the suspects are currently undergoing trial while five are still under investigations. “Over 80 cases are still under investigation from the EFCC-FBI joint operation,” Magu said.

Speaking through Mohammed Rabo, zonal head of EFCC in Lagos, Magu said at a press conference, that prior to the collaborative efforts with the FBI, the zone had independently launched a sustained operation on perpetrators of various computer-related frauds.

From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.

“We had independently launched intensive investigative actions against the infamous Yahoo yahoo boys culminating in various strategic raids and onslaught on their hideouts,” he said. Magu appealed to the media to continue to support the fight against corruption and economic and financial crimes.

“No one has a monopoly of knowledge of how the fight should be fought and won. “All the critical stakeholders, particularly the media, must continue to collaborate and cooperate with us to make the fight a success.

 

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