The Economic and Financial Crimes Commission (EFCC) has raised concerns over the growing involvement of internet fraudsters, commonly known as Yahoo boys, in serious crimes such as kidnapping, ritual killings, and arms trafficking. This warning was issued by the EFCC Chairman, Ola Olukoyede, during a meeting with The PUNCH management at the EFCC headquarters in Abuja.
Olukoyede revealed that Nigeria lost over $500 million to internet fraud in just one year, highlighting the severity of the issue. Despite facing criticisms, the EFCC has intensified its crackdown on these fraudsters, citing their expansion into violent crimes as a major concern.
In addition to addressing the rising criminal activities, the EFCC has also taken steps to clean up its own ranks. Olukoyede disclosed that 27 commission staff members were dismissed in the past year due to corruption allegations. He emphasized the importance of integrity in the fight against financial crimes, stressing that law enforcement officers must lead by example.
The EFCC Chairman also urged the media to support the anti-corruption fight by promoting investigative journalism. He acknowledged the significant role journalists played in exposing financial crimes before the EFCC was established and encouraged continued collaboration.
Michael Nzekwe, the EFCC’s Chief of Staff, commended the media for its role in raising awareness and called for increased cooperation in tackling corruption effectively.
The EFCC’s warnings and efforts come as internet fraudsters continue to evolve and expand their operations. As the commission works to combat these crimes, it is essential for the media, law enforcement, and the public to collaborate in promoting transparency and accountability.
