EFCC Declares Total War On Online Fraudsters, ‘Yahoo Boys’

EFCC Declares Total War On Online Fraudsters, ‘Yahoo Boys’

With barely a week to Christmas, the Economic and Financial Crimes Commission (EFCC) says it has launched an absolute war on online fraudsters otherwise known as “Yahoo Boys.”

The disclosure was made in a statement issued by the acting Spokesman of the anti-graft agency,Tony Orilade.

According to him, the commission launched the name of the operation as “Cyber Storm”, and it will involve its operatives monitoring suspicious transactions especially by youths who cannot explain their source of wealth.

It says it will also deploy its agents in nightclubs and concerts where youths usually go to “pop” expensive champagnes.

The anti-graft agency will also be monitoring social media accounts of suspected fraudsters who usually show off their expensive cars and houses.

As part of the operation, the EFCC has already arrested over 50 suspected online fraudsters in the last 10 days in Lagos, Abuja, Port Harcourt and Ibadan.

“We have declared a total war on Yahoo boys who have done nothing but given Nigeria a bad name home and abroad. We know their methods of operation. Be assured that in the coming days we will make more arrests,” it said.

“Those who live honest lives will not be touched.”