By Editor

A total of 167 persons have been arrested for internet scam popularly known as Yahoo Yahoo between 12 August to date, according to the Economic and Financial Crimes Commission, EFCC.

The EFCC, which said the arrest was a joint operation with American Federal Bureau of Investigations, FBI, added that it also recovered four exotic cars, plots of land in choice areas in Lagos, a property in Abuja as well as sums of $169,850 and N92m.
Acting Chairman of the anti-graft agency, Ibrahim Magu disclosed this during a joint EFCC/FBI press briefing in Lagos.
Represented by the commission’s Director of Operations, Mohammed Abba, Magu said the three-week EFCC/FBI Operation Rewired “was designed to intercept and interrupt the global network of Internet fraudsters.
He said, “Before now, as you are all aware, we had relentlessly launched intensive investigative actions against the infamous Yahoo Yahoo Boys, culminating in various strategic raids, onslaught on criminal hideouts, prosecutions and convictions.
“I am happy to inform you that our efforts in coordinating the EFCC/FBI joint operations in Nigeria recorded tremendous successes leading to a number of arrests, seizures and recoveries. The suspected fraudsters arrested in the course of the operations will be prosecuted accordingly.”
Magu urged Nigerian youths to “shun crime and its alluring temptation because it will always end in sorrow and regrets.”
The Legal Attaché of the FBI at the US Embassy, Uche Ahamdi, explained that it became necessary for the FBI to seek international collaborations after “our global reporting Internet fraud body, IC3, received N20, 373,000 Business Email Compromise, BEC complaints with losses of more than $1.2bn in 2018.”
Ahamdi said the FBI had to form an alliance with corresponding investigative agencies in Nigeria, Ghana, Turkey, France, Italy, the UK, Japan, Kenya and Malaysia, with a view to disrupting the activities of BEC schemes “that target and harm American businesses.”
He said with the collaborations, the FBI would track down Internet fraudsters anywhere around the world and prosecute them wherever they are located.
“The global goal of this operation is to send a message to all who participate in the BEC scheme that they will be caught and prosecuted, regardless of where they are located; kind of like the EFCC logo that says, ‘EFCC will get you wherever you are’,” Ahamdi said.
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