$4m internet fraud: EFCC arrests graduate in Lagos, ‘Yahoo Boys’ in Ibadan

The Economic and Financial Crimes Commission (EFCC), Lagos Zonal office, has announced the arrest of one John Ani Chukwuebuka, over his alleged involvement in computer-related fraud to the tune of $4 million.
The disclosure was made in a statement by the Head of Media and Publicity of the Commission, Mr. Wilson Uwujaren.
“The suspect, a 30-year-old graduate, was arrested on August 5, 2019 in the Jakande-Lekki Area of Lagos during a collaborative operation by the EFCC and the United States’ Federal Bureau of Investigation (FBI).
“Chukwuebuka, alongside his conspirators, Idowu Adetokunbo Taiwo and Sherrif Shoaga (still at large), allegedly engaged in Business Email Compromise (BEC), where they redirected the sum of $4million to several accounts between 2016 and 2018.
“A Nissan car was recovered from the suspect at the point of his arrest,” Uwujaren said.
And in a related development, the Ibadan zonal office of the Commission, on Wednesday arrested two suspected Internet fraudsters (‘Yahoo Boys’), who specialised in stealing people’s identities online to defraud various foreign nationals of their valuables.
The suspects, Akeju Crown Babatunde (31) and Agbanah Toba (35) were arrested at different locations in Ibadan, the Oyo State capital, following intelligence gathering on their alleged involvement in Internet fraud.
According to the Commission, it was able to establish the duo’s culpability after diligent examination of data and documents retrieved from them, acts contrary to the provisions of Cybercrime (Prohibition, Prevention, Etc) Act, 2015.
Akeju was found to be culpable for mining information from online sites, and was in possession of personal information and addresses of several Americans who have fallen victim to his fraudulent acts at different times.
He usually operated with two email accounts (one personal while the other was supposedly official) to penetrate his victims and dispossess them of their hard-earned money