The Economic and Financial Crimes Commission says that it has obtained 3175 convictions and recovered N156 billion, between May 29, 2023, and May 29, 2024.
This was disclosed in a statement released on Wednesday by Dele Oyewale, the EFCC spokesperson.
Oyewale also stated that the information was disclosed on Wednesday during the Zero Tolerance Club inauguration at the University Abuja, Gwagwalada, Abuja, by Mohammed Hammajoda, the secretary to the commission.
In addition, he mentioned that Hammajoda, speaking on behalf of EFCC Chairman Ola Olukoyede, said:
“The EFCC also recovered $43,835,214.24, £25,365.00, €186,947.10, ₹51,360.00, C$3,750.00, A$740.00, ¥74,754.00, R35,000.00, 42,390.00 UAE Dirhams, 247.00 Riyals and 21,580, 867631 Crypto Currency.”
He noted that, despite the EFCC’s remarkable success this year, the role of youths in internet fraud continues to raise major concerns among all stakeholders in the anti-graft campaign.
“In spite of this commendable performance, the Commission is deeply worried about the increasing involvement of young people, including students, in cybercrime, popularly called yahoo yahoo. Hundreds of suspects are arrested monthly, with many of them ending up in jail,” he stated.
He urged University students to avoid computer fraud, emphasising that conviction for fraud “is a burden that will leave a life-long scar on the fortunes of these youths”.
He added that there was no justification for cybercrime anywhere.
He said:
“There is no justification that will make yahoo yahoo acceptable. Contrary to the impression in some quarters, being a fraudster is not synonymous with creativity or being smart. As students, you are expected to channel your creative energies into useful engagements and not get entangled in cheating others of their resources.”
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cc: Punch Ng
