FBI List: We’ve Recovered N486m, Says EFCC

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The Economic and Financial Crimes Commission (EFCC) said that it has recovered $314,000 and N373 million, a total of N486 million, from suspects wanted by the Federal Bureau of Investigation (FBI) for fraud.

Ibrahim Magu, the acting Chairman of the commission, said this through Mohammed Rabo, Zonal Head, EFCC, Lagos, during a media briefing in Lagos on Tuesday.

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Magu stated that the collaboration between the commission and the FBI, led to the recovery of the funds.

He said while the sum of $314,000 had been recovered, the sum of N373 million had been traced to various commercial banks by the Lagos zonal office of the EFCC.

Also, he said the recent joint operations coordinated by the commission had yielded 28 arrests, adding that 14 suspects had been charged and convicted.

He stated that nine of the suspects are currently undergoing trial, while five are still under investigation.

“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.

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

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