The acting Chairman of the Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has disclosed that the agency is collating comprehensive data on the Nigerians indicted in the current busted money laundering and cyber crime offences in the United States of America.
Eighty suspects, most of them are Nigerians, were allegedly involved in the crimes investigated by the Federal Bureau of Investigation, FBI, in the U.S.
Magu who spoke through Friday Ebelo, the Head of the Ibadan zonal office, during a press conference in Ibadan, Oyo State, said the massive data collection was part of the collaborative activities between the FBI and EFCC to ensure that criminal elements are exposed and are made to pay for the crimes they committed.
Journalists in attendance at the event were held spellbound when Friday Ebelo took them through the intricate connections between the local Yahoo Boys and their offshore criminal collaborators.
According to him, the essence of data mining exercise was to establish any form of relationship that indicted individuals may have with Nigeria-based suspects, and how this could help in furthering the fight against economic and financial crimes in the country.
He said some of the information earlier collected have led to the arrest of many internet fraudsters, adding that one of the kingpins was nabbed during a recent raid in Ado-Ekiti, Ekiti State.
The kingpin Ajayi Gbenga Festus, he added, was found to be deeply involved in many internet-related frauds from which he had benefited up to N75 million in the last eight months.
“We were able to establish a number of illicit transactions through his Nigerian bank account amounting to over N223 million. Ajayi serves as conduit pipe through which proceeds of crime reach members of the syndicate,” he stated.
Friday Ebelo also disclosed that in the course of the year, the zone arrested 263 suspects for cyber crimes. Of this number, 111 were convicted.
Apart from landed properties, vehicles, laptops and other valuables forfeited on the order of court, huge sums of money in local and foreign currencies traced to internet fraud were also recovered.
