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Yahoo Boys: Oyo Has Highest Number Of Internet, Cyber Crimes In SouthWest – EFCC

Nabbed cybercrime victims known locally as Yahoo Boys

THE Economic and Financial Crimes Commission, EFCC, Monday, revealed that Oyo State has the highest number of cybercrimes and corruption related cases out of the six states in the South West.

This was disclosed by the Zonal Head of the commission, Mr. Friday Ebelo when speaking with newsmen in Ibadan, Oyo State.
The statistics, he noted, was based on the last six months since the baton of leadership changed in the zone.

Most of the suspects, who perpetrate cybercrimes and other fraudulent acts, he noted, are between the ages of 18 and 40.

Ebelo said: “If you are looking for the number of convictions, Oyo State should be seen as the highest. We are based in Ibadan and since I resumed here, the tempo of our activities has increased.

“These suspects of cybercrimes and fraud related cases operate from Lagos and share their loots in Ibadan. But now, most of them are leaving Ibadan for the adjoining states.”

While giving a further breakdown of the statistics, the EFCC official said: “This year, the zone received a total of 481 petitions. We were able to secure 83 convictions out of the 107 cases filed at different courts within the zone. That represents 83 per cent of the total number of cases filed.”

“From January to June 21, 2019, an aggregate sum of N116.9 million has been recovered. Others, which are in foreign currencies, include $39,129, £1,800 and £50,” he said.

He added that 65 vehicles were recovered from the suspects.
Ebelo explained that in some cases, criminals, who act as agents of the commission, use its name to seal up properties saying this is a scam as the commission does not work with any agents.
He appealed to parents to be more vigilant and pay constant visits to their wards in schools. (Vanguard)

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EFCC Arrest 37 “Yahoo Boys” Online Fraudsters In Imo State, 25 Exotic Cars Seized

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The South-east Zonal Office of EFCC, on Wednesday, May 1, 2019, arrested 37 suspected internet fraudsters in Owerri, Imo State. The arrest followed a raid on some targeted residences in Okwu Urata, Aladinma and Egbu areas.

The Commission’s action followed intelligence report which pointed that the suspects were living lavish lifestyles without any known means of livelihood, alleging further that they specialize in defrauding unsuspecting victims, through the internet.

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In the course of executing the search warrants, items which included laptop computers, 25 five exotic cars, which include several brands of Mercedez-Benz, Lexus,Toyota and expensive mobile phones, were recovered.

Speaking on the development, the Zonal Head, Usman Imam, who said the exercise was in line with the Commission’s mandate decried the high rate of cybercrime in the zone which he blamed on the erosion and breakdown of country’s values.

“It is true that no society has been able to totally eradicate crime, but we are ready at least to reduce it to the barest minimum and it appears that this cybercrime is one of the challenges of our time, which the EFCC is willing to face drastically,” Imam said.

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Questioning the lifestyle of the suspects, Iman said; “What is the business of a university student, a new graduate or youth corper looking for money to buy a car of N10 million? Obviously, this is rushing life and a collapse of our positive value system where people rarely want to start from a humble beginning,” Imam added.

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Usman lamented that if nothing was done, the country’s leadership could be jeopardized as many youths involved in cybercrimes are expected to take up leadership positions in the future.

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The suspects who volunteered their statements under caution will be charged to court as soon investigations into the matter are concluded.

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