The Economic and Financial Crimes Commission (EFCC), has revealed that politically exposed persons (PEPs), in Nigeria are using internet fraudsters, popularly known as ‘yahoo-yahoo boys’, to launder billions of naira in stolen public funds into offshore accounts. EFCC chairman, Ola Olukoyede, who disclosed this at a briefing in Abuja yesterday, said the involvement of politicians in these illicit activities highlights …

There is a troubling trend: internet fraudsters popularly known as “Yahoo Yahoo boys” are on the prowl — and menacingly so. As if the crime of defrauding people of their hard-earned money under false pretense is not already too much, their greed and insatiable quest for ostentatious lifestyle have pushed them into other dangerous and violent crimes. Unsuspecting young ladies are …

The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has defended the commission’s ongoing crackdown on internet fraudsters, popularly known as Yahoo Yahoo boys, despite criticisms from some quarters. Speaking on Thursday while receiving the management of The PUNCH at the EFCC’s corporate headquarters in Abuja, Olukoyede stated that the country lost over $500 million in …

A Federal High Court, sitting in Lagos, yesterday, sentenced one Courage Ipaka to two years imprisonment for duping a United States citizen, Mrs. Yvelte Thompson, of $53,000 by impersonating Nigerian musician, Chinedu Okoli, popularly known as Flavour N’abania. Justice Dehinde Dipeolu convicted Ipaka following his plea of guilty to a two-count charge brought against him by the Economic and Financial …

Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has dismissed insinuations that the agency is only going after internet fraudsters, popularly known as “Yahoo boys’. Olukoyede assured that he will lead a broad-based and holistic anti-graft war that would not spare anyone linked with any form of economic and financial crimes. The EFCC boss stated this …

A cyber-security specialist, Mr. Chidiebere Ihediwa has advised the Economic and Financial Crimes Commission (EFCC)to devise methods of re-orientating arrested educated online fraudsters (well known as Yahoo Boys) to become information technology specialists. According to him, this strategy is better, rather than allowing them to languish in detention or undergo destructive dissolution. Ihediwa, also a renowned software developer, made the …

The Port Harcourt Local Government Authority Area (PLGA) Security Watch and policemen have arrested about 12 suspected internet fraudsters who allegedly buried a newborn baby alive at Andoni waterfront in Eagle Island, Rivers State capital on Wednesday morning. The operation which followed a tip-off was in conjunction with the Rivers State Neighbourhood Watch. The arrest of the suspected Yahoo boys …

Operatives of the Makurdi Zonal Command of the Economic and Financial Crimes Commission (EFCC), on Sunday, arrested 23 suspected internet fraudsters in a sting operation in Makurdi, Benue State. In a statement on X (formerly known as Twitter), on Tuesday, the anti-graft agency said the items recovered from the suspects included mobile phones and one Toyota Corolla car. The statement …

The family of a 35-year-old man, Tope Olorunfemi, who was lynched by an irate mob in Akure, Ondo State for crushing four persons to death, said the deceased is not an internet fraudster, known as Yahoo boy. The mother of the deceased, Mrs Mojisola Olorunfemi said in Akure that the vehicle with which her son had the unfortnate accident was …