EFCC Recovers $314k From The 80 Yahoo Boys Exposed By FBI

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The Economic and Financial Crimes Commission has said that it has recovered $314,000 and N373m ( N486m in all) from suspects in connection with the Federal Bureau of Investigation probe into the list of nearly 80 Nigerians indicted for fraud.

The acting Chairman of the , , further stated that the collaboration between the commission and the , led to the recovery of the funds.

Magu said while the sum of $314,000 had been recovered, the sum of N373m had been traced to various commercial banks by the zonal office of the commission

Speaking during a media briefing in Lagos on Tuesday, Magu, who spoke through Mohammed Rabo, Zonal Head, EFCC, Lagos, added that, the Lagos zone of the commission, prior to the collaborative efforts with the FBI, had independently launched a sustained operation on perpetrators of various computer-related frauds.

He said: “From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime

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