EFCC arrests 100 undergraduates for internet fraud

The Ibadan office of the Economic and Financial Crimes
Commission on Monday said that more than 100 undergraduates of
various tertiary institutions were in its custody over financial
crimes ranging from online love scam, Automated Teller Machine
fraud, and online marketing fraud.

The commission’s Deputy Zonal Head, Ibadan, Kazeem Oseni, who
spoke on behalf of the Acting Chairman of the commission, Ibrahim
Magu, during a press conference said that the Ibadan office had
recovered around N277.9m from the fraudsters in the past nine
months, adding that 50 cases had been instituted against the
perpetrators of the financial crimes with 381 other cases being
investigated.

He said, “The commission is attending to 431 cases among which
50 cases are already in court. In the past nine months, we have
arrested 195 individuals in connection with bank fraud, internet
fraud, land and general disputes. Among the cases in court are the
ones involving the Vice Chancellor of the Obafemi Awolowo
University, Ile-Ife, that of the Federal University of Technology,
Akure and the Federal University of Agriculture, Abeokuta.

“The prevailing case in Ibadan is internet frauds involving
young people. The Ibadan office has so far recovered N277, 931,341m
from various financial criminals while we have also recovered
objects like cars used by fraudsters to perpetrate crimes.”

The Ibadan office of the Economic and Financial Crimes
Commission on Monday said that more than 100 undergraduates of
various tertiary institutions were in its custody over financial
crimes ranging from online love scam, Automated Teller Machine
fraud, and online marketing fraud.

The commission’s Deputy Zonal Head, Ibadan, Kazeem Oseni, who
spoke on behalf of the Acting Chairman of the commission, Ibrahim
Magu, during a press conference said that the Ibadan office had
recovered around N277.9m from the fraudsters in the past nine
months, adding that 50 cases had been instituted against the
perpetrators of the financial crimes with 381 other cases being
investigated.

He said, “The commission is attending to 431 cases among which
50 cases are already in court. In the past nine months, we have
arrested 195 individuals in connection with bank fraud, internet
fraud, land and general disputes. Among the cases in court are the
ones involving the Vice Chancellor of the Obafemi Awolowo
University, Ile-Ife, that of the Federal University of Technology,
Akure and the Federal University of Agriculture, Abeokuta.

“The prevailing case in Ibadan is internet frauds involving
young people. The Ibadan office has so far recovered N277, 931,341m
from various financial criminals while we have also recovered
objects like cars used by fraudsters to perpetrate crimes.”