‘Yahoo Boys’: EFCC Boss Sends ‘Strong’ Message To Fraudsters

The Economic and Financial Crimes Commission (EFCC) has said it will continue its fight against internet fraudsters called “Yahoo Boys,” Naijaparry reports.

This news medium also noted that the EFCC said it arrested over 200 Internet fraud suspects in October 2019 alone.

EFCC’s acting Chairman Ibrahim Magu said this on over the weekend during an interactive session with the press in Abuja.

According to him, “high-end fraudsters that they can only run, but cannot hide, sooner than later, we will get them.

“The effort to flush out all fraudsters continues. At the same time, we will sustain the tempo of vigorous prosecution of fraud cases in court.

“Indeed, fraudsters account for a huge percentage of the 890 convictions that has been recorded by the commission this year.

“A number of assets have been seized, while victims have also enjoyed restitution by order of a court.”

Magu noted that the biggest catch of the commission was an Instagram celebrity Ismaila Mustapha called Mompha and his Lebanese accomplice Hamza Koudeih.

“Five wristwatches valued at over N60 million were recovered from Mompha at the point of arrest,” he added.

“Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquired properties in Dubai and had laundered about N14 billion through Ismalob Global Investments Limited.

“His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19 billion.

“Koudeih lives in a five million dollar per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.’’