yahoo boy with money
$615,172 Found In 'Yahoo Boy's' Bank Account By EFCC

An amount of $615,172 has been found in an arrested ‘Yahoo Boy’ who was arrested by the Economic and Financial Crimes Commission in Ekiti, Nigeria. has gathered that the said amount was traced by the EFCC to be part of an illicit transactions related to internet fraud activities.

Revealing more, the Ibadan Zonal Head of the anti-graft agency, Mr Friday Ebelo said on Wednesday curing a conference that the suspect, Festus Festus was working in cahoot with other cybercriminals abroad.

The mode operandi was described as highly sophisticated web of a conspiracy designed to illegally access accounts of individuals and organisations to defraud them of their money.

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He said illicit transactions made through Festus’ Nigerian bank accounts amounted to N223million, noting that the suspect served as a conduit pipe through which proceeds of crime reached members of the syndicate.

Ebelo used the opportunity of the press briefing to advises the 80 Nigerians indicted by the FBI in massive cybercrime cases to come out of their hiding and clear their names before EFCC operatives get to them.

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He said its operatives will arrest those within Nigeria, adding that the operatives have begun a background check on the suspects.

Ebelo said since the beginning of the year, the Ibadan Zonal office of EFCC arrested 263 suspects for cybercrime related offences out of which 111 had been convicted and sentenced to various jail terms.