EFCC/FBI Collaboration Lead To Recovery Of USD314,000, N373m

By: Mayen Etim

KADUNA, North-West, Nigeria – The collaboration between the Economic and Financial Crimes Commission, (EFCC), and the Federal Bureau for Investigation, (FBI), has yielded successes as the sum of USD314,000 and about N373m were recovered from computer related frauds.

The perpetrators have been traced and recovery made, while, the sum of N373m were traced to various commercial banks.
The Zonal Head, Kaduna office of the Commission, Mailafia Yakubu, disclosed at a press briefing in Kaduna on Wednesday, September 4, 2019.

According to him, the Commission’s collaboration with the FBI is its efforts to rid the society of economic and financial crimes, most especially internet fraud, popularly known as “Yahoo yahoo” and cyber crimes.

The Zonal Head informed that the recent joint operations conducted by the Commission had yielded tremendous success while some of the suspects arrested, prosecuted and convicted, one of the suspects linked to FBI wanted list was arrested in Kaduna.

He revealed further that the Zonal office from January to date has received 345 petitions, which 286 were considered for investigations, 52 forwarded to legal and prosecution department, while 56 cases were in court.

He added that the Kaduna Zonal office recovered the sum of N198,727,241.5m
and $48,000 US Dollars in cash and draft.
“Prior to the collaboration effort with the FBI, the Kaduna Zonal office of the Commission through intelligence launches several sting operations on various computer related frauds which resulted in the arrests of 48 internet fraud in their hideout among which the Zone secured conviction of 23, while others are in various stages of investigation and prosecution.

“Internet is the most widely used communication ever constructed; it is also used by millions of humans and machines every second of every day. There are good and bad things happening on the internet and among other things are on-going attempts to scam innocent people on their money or identity.

“Their modus of operandi, includes clone of foreign numbers which they in turn use to create fictitious emails accounts on various social media platforms such as Facebook, Instagram, WhatsApp, Skype, Google hang out and they also use the same fake email addresses to open account on foreign online dating site, so also open foreign bank accounts with the help of their counterpart living abroad. They also use fake documents to perpetrate illegal activities in the cyber space.

“Few among this type of fraud include love/romance scam, contract/ company scam, Bit coin business scam, employment scam, online dating, travel scam, impersonation scam among others.

“The fraudsters create fake Facebook pages using display pictures and names belonging to mostly foreigners in order to deceive unsuspecting victims mostly females of white nationality intimating them that they are soldiers deployed from USA to Afghanistan, Iran or any other foreign mission.

“Another mode of operation is to link up with their conspirators known as pickers residing around the globe to help them in receiving their loots through their dollar accounts domiciled all over the world for onward transfer to (Nigeria).

“In most cases they buy items and send them to Nigeria and sell them cheaper to divert attention in the inflow of money into the country, Pickers usually got 30 per cent of the loots while 70 per cent is shared among other members,” he said.

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