< 1 mn read
The Executive Chairman of the EFCC, Ola Olukoyede, highlighted the growing threat posed by internet fraudsters in Nigeria, noting that their activities have extended beyond financial crimes to include violent crimes like ritual killings, arms trafficking, and kidnapping. He emphasized that Nigeria lost over $500 million to internet fraud in just one year and that internet fraudsters, often referred to as “Yahoo boys,” are increasingly involved in more serious criminal activities. Olukoyede also stressed the EFCC’s efforts to maintain internal accountability, pointing out that 27 employees were dismissed for corruption-related offenses in the past year. He called for stronger collaboration with the media in the fight against corruption.
