The Economic and Financial Crimes Commission (EFCC), said it recorded no fewer than 200 arrests of Internet fraud suspects, popularly known as ‘Yahoo Boys’, in October alone.

The Acting Chairman of the commission, Mr Ibrahim Magu, stated this at an interactive session with newsmen on Friday in Abuja.

According to Magu, the biggest catch of the commission was Instagram celebrity, Ismaila Mustapha, a.k.a Mompha, and his Lebanese accomplice, Hamza Koudeih.

He said the suspects, who were “kingpins of an Organised Cyber Syndicate Network (OCSN)”, allegedly laundered a total of N33 billion.

Magu said: “Five wristwatches valued at over N60 million were recovered from Mompha at the point of arrest.

“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquired properties in Dubai and had laundered about N14 billion through Ismalob Global Investments Limited.

“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion.

“Koudeih lives in a five million dollar per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.’’

The EFCC boss said the arrests underscored the agency’s commitment to the fight against corruption and economic crime.

He added that there were also clear messages to “high end fraudsters that they can only run, but cannot hide, sooner than later, we will get them”.

“The effort to flush out all fraudsters continues. At the same time, we will sustain the tempo of vigorous prosecution of fraud cases in court.


“Indeed, fraudsters account for a huge percentage of the 890 convictions that has been recorded by the commission this year.

“A number of assets have been seized, while victims have also enjoyed restitution by order of court,” he said.

While noting that the battle “is far from being won”, the anti-corruption czar renewed his appeal for the support of stakeholders, especially the media, for the commission.


Magu said the youths, who were mostly involved in cyber fraud, needed sensitisation to the consequences of their actions not only to their future but to the nation’s image and economy.

He restated the commission’s resolve to rehabilitate those ready to turn a new leaf, and help them to put their skills to good use.

“The youth must learn the virtues of integrity and hard work as the path to sustainable wealth.


“They must realise that crime does not pay; rather it will destroy their prospects and ruin their chances of decent living.

“For those who are remorseful and prepared to turn a new leaf, the commission is fully disposed to help in channeling their energies and cyber skills to positive venture.

“We are considering a policy that will help in the rehabilitation of convicted, but repentant internet fraudsters.


“This is to ensure that their skills are positively applied in helping to build a better Nigerian society,” Magu said.

Source: https://dailypost.ng/2019/11/01/200-yahoo-boys-arrested-in-october-efcc/

They should be killed also...i'm begining to think, that dis boys are worst and heartless more than our thiefing politicians..look at the rate they are hacking facebook and whatsapp accounts of people,using it to defraud persons and creating problems for them..one hacked my sist whatsapp account and defrauded her 3 friends.we traced the idiot to somewhere at asaba and caught him.the idiot begin blame devil.over 150m was discovered in his 6 different accounts.stupid boys.

Why are they arrested?

Lol.. So let's say 200 x 100k each from them to bail themselves =N20000000

EFCC go ball this December sure balling

Yeeeeee! Who stone me Red Jacket??

Magu don poor sand for some people Christmas rice this December

How many corrupt politicians did you arrest in October?

Lil wonder Saraki refused to confirm Magu as EFCC Boss . EFCC under Magu is just a tooth less bull dog ... how many Politicians have you successfully convicted or arrested since over four years.
Note: Am not trying to justify Cyber crime but we all know those who truly deserve to be arrested

I laugh when people talk about yahoo boys, the funny thing is that almost all Nigeria family either have one yahoo boy or the one they don’t know about.

Yet some will come online to curse and insult the ones dem catch forgetting their friends and brothers are G-boy. At the end of the day, they will still go to dem to beg for money.

This country is heading for iceberg like titanic, if nothing is done – it will sink. It’s not about online prosecution and noise.

What are the government (fed, state, LG) doing to curb unemployment? Even some of us wey one learn legit online business, where the light or data?

But still; go legit, stay legit, legit pays!

Very bad year for G boys

Unless you wanna arrest 60 million boys in naija...

"Egbon ema fun mi lowo, Moni ibere kan, sheh le komin wire"

donbachi:
They should be killed also...i'm begining to think, that dis boys are worst and heartless more than our thiefing politicians..look at the rate they are hacking facebook and whatsapp accounts of people,using it to defraud persons and creating problems for them..one hacked my sist whatsapp account and defrauded her 3 friends.we traced the idiot to somewhere at asaba and caught him.the idiot begin blame devil.over 150m was discovered in his 6 different accounts.stupid boys.

Badonasty:
Very bad year for G boys

eventually, boys will learn and adjust...


Boys are getting newer updates as we speaking... That thing is a way of life, I swear

may Una jus get ready to Arrest all Nigeria youth

Corrupt, incompetent idiots. The biggest catch was Mompha, yet in the ridiculous 14 counts you charged him with in court, NONE was explicitly related to 'yahoo'?

Only fools still reckon with this EFCC.

200 Yahoo Boys politicians

That's what the headline should be

donbachi:
They should be killed also...i'm begining to think, that dis boys are worst and heartless more than our thiefing politicians..look at the rate they are hacking facebook and whatsapp accounts of people,using it to defraud persons and creating problems for them..one hacked my sist whatsapp account and defrauded her 3 friends.we traced the idiot to somewhere at asaba and caught him.the idiot begin blame devil.over 150m was discovered in his 6 different accounts.stupid boys.

Liar, you're a demented Liar and poorly skilled at it tho. Even the devil will be shocked the way you spill out lies bothering on self delusion.

Someone with half a million dollars sitting in his requisites has no business with your sisters Facebook or Whatsapp account. Like wtf? Who is your sister again?

Commenting on cyber space is not a must. In a bid to show case your pseudo intellectual experience on the topic of discussion. You don't know how stupid and reta*ded you sound. Do you think this place is filled with your fellow kids?

If you are bored, imagine yourself as the president, instead of typing bile on cyberspace.

Their supporters will soon arrive here now. Continue supporting until the day you become a victim of a scammer that will scam all your savings and hard earned money.

Arrests before investigations

Hi

We are getting there.

It's the shirt seller again! Check my signature below for more details.

200 only? What aboit the 1000 Chinese caught somewhere some days ago

I'm just wondering what could make youths involved in crime for real

donbachi:
They should be killed also...i'm begining to think, that dis boys are worst and heartless more than our thiefing politicians..look at the rate they are hacking facebook and whatsapp accounts of people,using it to defraud persons and creating problems for them..one hacked my sist whatsapp account and defrauded her 3 friends.we traced the idiot to somewhere at asaba and caught him.the idiot begin blame devil.over 150m was discovered in his 6 different accounts.stupid boys.

Stop lying ,as for this yahoo boys your cups we full very soon

Ok

I'm just wondering what could make youths involved in crime for real[color=#006600][/color]

And Tinubu is still walking around free!

iykecicero:
And Tinubu is still walking around free!

Are you people not tired of this stupid comparison ,someone like you will cry foul if you wake up to an empty bank account.

donbachi:
They should be killed also...i'm begining to think, that dis boys are worst and heartless more than our thiefing politicians..look at the rate they are hacking facebook and whatsapp accounts of people,using it to defraud persons and creating problems for them..one hacked my sist whatsapp account and defrauded her 3 friends.we traced the idiot to somewhere at asaba and caught him.the idiot begin blame devil.over 150m was discovered in his 6 different accounts.stupid boys.

Seriouly
150m?

December don reach o my advice to my all my real Nigaz on the street pls avoid lavish spending.