EFCC, FBI collaborate, arrest 28 Yahoo boys, recover N486m

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The Economic and Financial Crimes Commission (EFCC) has said its collaboration with the United States’Federal Bureau of Investigation (FBI) has led to the arrest of 28 Internet fraudsters, popularly called Yahoo boys.

The Lagos zonal head of the EFCC, Mohammed Rabo, said this while addressing newsmen on Tuesday, adding that the EFCC and the FBI were jointly working on 80 cases of cybercrime at the moment.

He said the collaboration had also the recovery of $314,000 and N373m (totalling N486, 668, 000) stashed in various banks by Internet fraudsters.

Rabo said, “As you are all aware, we had independently launched intensive investigative actions against the infamous Yahoo Yahoo boys, culminating in various strategic raids and onslaught on their hideouts.

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“Our efforts in this regard have recorded tremendous successes leading to a number of arrests, prosecutions and convictions.

“From 2018 to date, the EFCC, prior to the collaborative efforts with the FBI, 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.

“Meanwhile, the recent collaborative efforts between the EFCC and the FBI have yielded 28 arrests, out of which 14 suspects have been charged and convicted, nine are currently undergoing trial and five are still under investigations.

“We have also recovered the sum of $314,000 and another sum of about N373,000,000 traced to various commercial banks.

“Also, over 80 cases are still under investigation from the EFCC-FBI joint operations.”

On whether the EFCC would help in the arrest of the 78 Nigerians recently indicted for Internet scam in the US by the FBI, Rabo said he couldn’t say much, so as not to soil ongoing investigation.

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