EFCC Published The Number Of 'Yahoo Boys' That Were Arrested In October Alone (See How Many) - DaOptimistic World




Saturday, 2 November 2019

EFCC Published The Number Of 'Yahoo Boys' That Were Arrested In October Alone (See How Many)

EFCC Published The Number Of 'Yahoo Boys' That Were Arrested In October Alone (See How Many)

In October 2019 alone, Punch Metro report, the Economic and Financial Crimes Commission stated that it recorded no less than 200 suspects captured from Internet fraud, known as' Yahoo Boys.'

The commission's acting chairman, Mr. Ibrahim Magu, said this on Friday in Abuja at an interactive session with newsmen.

The commission's biggest catch, according to Magu, was the celebrity of Instagram, Ismaila Mustapha a.k.a Mompha; and Hamza Koudeih, his Lebanese accomplice.

He said the perpetrators, who were "Organized Cyber Syndicate Network kingpins," allegedly laundered a total of N33bn.

Magu said: "At the point of detention, five wristwatches worth more than N60 m were recovered from Mompha.

"Investigation also revealed that, through Ismalob Global Investments Limited, he operates 51 bank accounts in Nigeria with which he purchased properties in Dubai and laundered around N14bn.

"His accomplice, Koudeih, also has two firms, namely: THK Services Limited and CHK Properties Limited, with which he allegedly washed N19bn.

"Koudeih lives in an annual N5 m suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.'' The EFCC boss said the arrests highlighted the agency's commitment to combating corruption and economic crime.

He added that there were also clear messages to "high-end fraudsters who can only flee, but who can't hide, we'll get them sooner than later."

"The effort continues to wipe out all the fraudsters. At the same time, we are going to maintain the pace of robust prosecution in court of fraud cases.

"Yes, fraudsters represent a huge percentage of this year's commission's 890 convictions.

"Some assets were seized while victims also enjoyed restitution by court order," he said.

While noting that the battle "is far from being won," the anti-corruption czar renewed his call for the commission to be supported by stakeholders, particularly the media.

Magu said the youth, mostly involved in cyber fraud, needed to raise awareness about the consequences of their actions not only for their future, but for the image and economy of the nation.

He reaffirmed the determination of the commission to rehabilitate those willing to turn a new leaf, and to help them make good use of their skills.

"As the path to sustainable wealth, young people must learn the virtues of integrity and hard work.

"They must realize that crime is not paying; it is going to destroy their prospects and ruin their chances of living decently.

"The commission is fully willing to help those who are remorseful and willing to turn a new leaf into a positive venture in channeling their energies and cyber skills.

"We are considering a program that will help rehabilitate convicted yet repentant fraudsters on the Internet.
EOLBREAK" This is to ensure that their talents are used positively to help build a better society in Nigeria, "Magu said.

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