NewStats: 3,262,631 , 8,177,731 topics. Date: Tuesday, 03 June 2025 at 05:55 AM 735j2a

Oluseye Ojo, Ibadan

The Economic and Financial crimes Commission (EFCC) has begun a clampdown on bankers and operators of Bureau De Change (BDC) outfits across Nigeria who are aiding cybercrimes.

The clampdown followed the indictment of 80 Nigerians in a massive cybercrime case, investigated by the United State’s Federal Bureau of Investigation (FBI).

EFCC Ibadan Zonal Head, Ibadan, Mr Friday Ebelo, disclosed this during a press briefing held at the Commission’s zonal office at Iyaganku on Wednesday.

He said the EFCC is in constant collaboration with international organisations with similar mandates, especially the FBI, in an effort to curb internet crime and transfers of illicit funds, saying: “Our longstanding collaborative engagement with the FBI and other law enforcement agencies remains intact and is yielding mutual benefits.”

He stated that the Commission, which has begun background checks on the 80 indicted Nigerians, has also arrested a total of 263 cybercrime suspects in 2019, adding that 111 among them had been convicted by courts of competent jurisdiction and sentenced to various jail .

Ebelo commended EFCC Acting Chairman Mr Ibrahim Magu, citing his leadership as being responsible for the successes recorded so far by the Commission, stating that the Ibadan zone has recovered local and foreign currencies from cybercrime related offences. He listed the currency recoveries as amounting to N7,461,378; USD56,452; 2,400 Euros; and £65; CAD400.

He referred to the case of a banker in their custody, arrested on Tuesday, who had allegedly been clearing suspected cybercriminals, and also shortchanging them, saying: “Assuming the exchange rate is N360 to US$1, he can blackmail them by saying that the exchange rate is N200 to US$1.

“…He would threaten to report them to the EFCC. Those people (cybercriminals) would have to agree on a give-and-take in order to avoid problems. We have the banker in our custody and many more will come. Those that are aiding them – the bankers and BDC, we will get them out.”

Ebelo, who disclosed cartel involvement in cybercrime, mentioned that the cartels operate networks across various countries, further revealing that the cybercriminals use bankers and operators of Bureau De Change businesses to launder their illicit loot, away from the prying eyes of authorities.

He mentioned the cae of one suspected internet fraud kingpin, Ajayi Gbenga Festus, “who was recently arrested during one of our operations in Ado-Ekiti, Ekiti State. The suspect, according to our investigation, works with other cybercriminals abroad in a highly sophisticated web of conspiracy designed to illegally access s of individuals and organisations to defraud them of their money.

“We were able to establish a number of illicit transactions through his Nigerian bank , amounting to over N223 million. Ajayi serves as conduit pipe through which proceeds of crime reach of the syndicate. His cuts in the deals total over N75 million. The suspect is still helping the Commission in its further investigations. He surely will have his day in court as soon as investigations are concluded and the matter is ripe for prosecution.”

The steps being taken by the EFCC, according to Ebelo, were calculated to constitutionally ensure that the “interests of hardworking and law-abiding Nigerians are adequately protected, and that they are not denied the fruit of their labour by the recalcitrant few. We will also continue to work assiduously to ensure that those who engage in acts capable of tarnishing the good image of our dear country do not escape the cold hands of the law.”

https://www.sunnewsonline.com/fbi-list-efcc-goes-after-bankers-bdc-operators-aiding-cybercriminals/

EFCC is like the Stasi during the times of Hitler.

No place for fraudsters in the new Nigeria.

Go learn handiwork.

Good One, we just hope the proceeds gets to the right and not be a case of Thief grab am thieve collect am.

I need an appropriate, yet, discrete channel to report a case to EFCC

Anyone who knows should inform me so we can have a new trending news in our media

lol

Nice one EFCC.

Why now, EFCC should have started the war against cybercrime years ago most especially with the banker. Many of those guys working in the banks also help the Yahoo guys to get their pay.

Nigeria!!!
But really are we supposed to be deceiving ourselves as a people?

What exactly is our Leadership problem in this country? Haba!

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Correct.

No financial crime can be successfully committed without bank insider. Especially with this BVN by PMB.

this year go hard gon oo.
nigerians should expect a mini economic recession cause of these clampdowns

This is getting serious o

This country is just too hot lately

As jobless as the efcc

Commentor:
No place for fraudsters in the new Nigeria.

Go learn handiwork.

yes o

Good.. Long overdue

It would be commendable if genuinely pursued...

Now we are talking.

If they are actually serious

All these criminals have a network.

A banker will be the first to figure out if his client is dodgy.

Officialgarri:
I need an appropriate, yet, discrete channel to report a case to EFCC

Anyone who knows should inform me so we can have a new trending news in our media

Tor browser is your friend. It was made for whistle blowers.

Also, you can try out Telegram.

Everyone in Nigeria is stoooooopid

Ajsimon:
As jobless as the efcc

you are the jobless being here mofo

How many of the fraudsters, looters in this stration have they arrested or are they saying internally the whole government and politicians are now clean as a whistle or they are covered in the BLOOD OF APCshit

Efcc increase in arithmetic while yahoo boys increase in geometric

Just noise making. Shay dem fit catch the main criminals? Na politicians use bank thief money .

MillerJnr:


you are the jobless being here mofo

shut up they should go after politicians before we can take them serious
Tinubu the bullion van master is walking free

They should start with the Scammers in House of Assembly

EFCC goan arrest Tinubu.. What is diezani still doing in court? If the politicians were doing their jobs by making life of citizens better and not looting the funds meant for this purpose, FRAUD wouldn't have been synonymous to rich hardworking Nigerian youths..

If you want to solve a problem, tackle from the root, and stop doing nonsense

Ok

EFCC , one prove to the world instead of them launching investigation first to see if its frame or real or if they are all truly involve and the number of.people involves with indigenes too, hYankee won't ever do this but I know for every single Nigerians arrested there, their must be one or two back up Yankee guys, they can't be all Nigeria, FBI should stop shielding their people...

Efcc should be smart in their internal investigation here and they should be independent with their technology, I hate seeing white superior than our own efcc
.