Scam Alert: EFCC Not Offering N1m Reward to Yahoo Yahoo Informants
The Economic and Financial Crimes Commission wishes to inform the general public that it has not issued any notice in the social media promising financial reward for anyone with information that could lead to the arrest of a Yahoo Boy.
This clarification became necessary following phone calls by citizens wanting to cash in on notices in the social media by fraudsters promising a reward of One Million Naira (N1,000,000) for friends, family and relatives of yahoo boys who hand them over to the EFCC.
The promo with #Efcc and #beagoodcitizen states, “If you have a Yahoo Yahoo boy as Family, Friend or Relative, Kindly hand them over to us, and get a Massive reward of 1million naira.”
The Commission wishes to state that this message is alien to the EFCC, and members of the public are enjoined to disregard them.
Promoters of the hashtags are currently under surveillance and every efforts will be made to bring them to justice.
While the Commission welcomes information that could lead to the arrest of cybercrime suspects, it has no policy of financial reward for such informants.
The fight against corruption and other forms of economic crime is a patriotic duty and Nigerians are encouraged to embrace it with altruism.
The whistle blower policy of the Federal Government which the Commission is among the agencies saddled with its implementation, is applicable only to public sector corruption.
The public is warned that, the Commission will not be responsible for anyone who falls for this obvious scam.
Wilson Uwujaren
Head, Media & Publicity
7 May, 2021
• • •
Missing some Tweet in this thread? You can try to
force a refresh
EFCC Raises Alarm over Fraudulent Investment Schemes
The Economic and Financial Crimes Commission, EFCC, is alarmed at the rate Nigerians send petitions to the Commission on fraudulent investments that promise high return with little risks to investors.
This trend indicates that investment scams continue to thrive despite the enforcement and public enlightenment interventions by the Commission and other stakeholders.
The direct implication is that hapless citizens are losing their hard-earned money to fraudsters, compounding the nation’s economic woes. Many have lost, and are still losing, money to Ponzi schemes, forex trading and most recently Bitcoin trading.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa has reiterated his commitment to rid Nigeria of corruption, saying rule of law and fear of God shall be his guiding principles.
He identified corruption as an encumbrance hampering the sustainable growth of the country, stressing the need for all hands to be on deck to deal with the menace.
Bawa disclosed this on Friday, March 26, 2021 while featuring on a Nigerian Television Authority, NTA, special interview programme, "One-on-One" anchored by ace broadcaster, Cyril Stober. "We need to change our attitudes in Nigeria.
The Uyo Zonal Office of the Economic and Financial Crimes Commission, EFCC on Friday, March 26, 2021, secured the conviction and sentencing of one Austin Christopher Essiet, a Point of Sale, POS, fraudster...
...before Justice Agatha Okeke of the Federal High Court sitting in Uyo, Akwa Ibom State.
Essiet met his waterloo on October 19, 2020, when he was arrested by operatives of the Commission along Ifa Road, Uyo.
His arrest followed information by a concerned POS operator whose account was frozen by his bank after Essiet made withdrawal from different accounts, up to the tune of N150,000.00 (One hundred and fifty thousand naira), from his POS booth on Oron Road.
Court Jails Man 15 Years For N16m Oil Fraud In Lagos
The Economic and Financial Crimes Commission, Lagos Zonal Office, has secured the conviction and sentencing of a businessman, Charles Ihenetu, to 15 years imprisonment before Justice Mojisola Dada of a Special Offences Court sitting at the Lagos State High Court, Ikeja, Lagos.
The convict was arraigned on May 16, 2018 alongside his company, V-Choice International Company Nigeria Limited, on a three-count amended charge bordering on conspiracy to obtain by false pretence and obtaining money by false pretence.
Money Laundering: EFCC Seeks Collaboration with Nigerians in Diaspora
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdurrasheed Bawa on Thursday, March 25, 2021 called on Nigerians in Diaspora to support the Commission in the fight against Money laundering and other financial crimes.
The EFCC boss made the call while speaking virtually at an Expert Training and Advocacy on Tracking and Recovery of Illicit Funds and Assets organized by the Human & Environmental Development Agenda, HEDA, in collaboration with the EFCC, MacArthur Foundation, Kent Law School,...
EFCC Arraigns Osipitan for N6bn PHCN Severance Benefit Fraud
The Economic and Financial Crimes Commission, EFCC has on Friday, March 26, 2021, arraigned Cecilia Osipitan and her Company, PJO Ventures Limited before Justice I. E. Ekwo of the Federal High Court Abuja...
...on a nine count charge bordering on Criminal breach of trust and conversion of funds to the tune of six billion Naira.
The alleged funds were said to be part of the money earmarked for payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN).