EFCC traces over $300,000 to Yahoo Boy suspect
Nkereuwem Effiong
The Economic and Financial Crimes Commission, EFCC, has traced money laundering activities over $300,000 (Three Hundred Thousand United States Dollars) to a suspected internet fraudster.
The suspect was among the 35, picked up on Sunday, May 4, 2025, in Sabo Iyako area of Auchi, Edo State, by the commission, following credible intelligence that linked them to fraudulent internet activities.
This was contained in a statement signed by Head, Media and Publicity, Dele Oyewale and made available to journalists on Tuesday, 6 May 2025.
As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large.
Oyewale noted that apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.
He said the suspect would be charged in court as soon as the investigation was concluded.
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