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EFCC recovers $314,000, N373million, arrests 28 suspects on FBI lists

Ibrahim Magu, the Acting Chairman of the Economic and Financial Crimes Commission (EFCC)

The Economic and Financial Crimes Commission (EFCC) on Tuesday said that it has recovered $314,000 and N373million from suspects in connection with the Federal Bureau of Investigation (FBI) probe involving 78 Nigerians.

Mr. Ibrahim Magu, the Chairman of the anti-graft, revealed that the recoveries were made following collaboration between the EFCC and the FBI.

Magu who spoke through Mohammed Rabo, the anti-graft Zonal Head in Lagos, noted that $314,000 had been recovered, while the N373million was traced to various banks. He further revealed that 28 suspects have been arrested and 14 charged and convicted.

He also said that 9 of the arrested suspects are currently undergoing trials.

“Over 80 cases are still under investigation from the EFCC-FBI joint operations,” he said.

“From 2018 to date, the EFCC had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests, 130 convictions and recovery of a large number of exotic cars and properties suspected to have been acquired through the proceeds of crime.

“We had independently launched intensive investigative actions against the infamous Yahoo Yahoo boys culminating in various strategic raids and onslaught on their hideouts.

“Our efforts in this regard have recorded tremendous successes leading to a number of arrests, prosecutions and convictions,” he stated.

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