The EFCC says suspected internet fraudsters, commonly known as “Yahoo boys,” drain more than N7.2 million from a serving judge’s bank account in the middle of the night. EFCC Chairman Ola Olukoyede recounts that he was alerted by the judge around 1 a.m. after multiple debit alerts. The judge tells him the funds were intended for her child’s school fees and that she had been scammed out of money she had been saving over several years. Multiple reports describe the incident as occurring in a South-South state, where the EFCC had been restrained by a court order from investigating certain financial crimes, but the commission still acted in the judge’s case. Olukoyede says the money was recovered quickly, with reports stating that the full amount was restored before 6 p.m. The accounts are tied to public remarks made during the presentation of two books authored by retired High Court judge Justice Alaba Omolaye-Ajileye. The EFCC also uses the episode to renew calls for stronger cooperation among law enforcement, citizens, and the judiciary to tackle cybercrime and for legal updates related to emerging technology.
EFCC chair says Yahoo boys stole N7.2m from judge’s account, recovered same day
The EFCC says suspected internet fraudsters, commonly known as “Yahoo boys,” drain more than N7.2 million from a serving judge’s bank account in the middle of the night. EFCC Chairman Ola Olukoyede re...
- The EFCC says suspected internet fraudsters (“Yahoo boys”) stole about ₦7.2 million from a serving judge’s bank account.
- The judge contacts the EFCC chairman around 1 a.m. after receiving multiple debit alerts.
- The money was meant for the judge’s child’s school fees.
- The EFCC says it recovered the full amount the same day, before 6 p.m.
- The EFCC chairman describes the case as an example of the growing cybercrime threat and calls for stronger cooperation and legal updates.
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed how suspected internet fraudsters, commonly known as Yahoo boys, stole more than N7.2 million from the bank account of a serving judge in the middle of the night. Speaking at the launch of two books written by retired High Court judge Justice Alaba Omolaye-Ajileye, Olukoyede said the judge called him around 1 am after receiving several debit alerts. According to him, the judge explained that the money was meant for her child’s education. “She had just been scammed of the money she had been putting together for six years to send her child to school,” he said. Olukoyede said the victim lost about N7.2 million before she contacted him for help. He added that the incident occurred in a state where the EFCC had been restrained by a court order from investigating some financial crimes. He quoted the judge as saying: “No, no, no! This is an exception. You must do something immediately!” The EFCC chairman said the commission acted swiftly and recovered the full amount before the end of the day. “Before 6 pm, we recovered the entire money for her.” He said the experience showed why Nigerians must take financial crimes seriously: “When you become a direct victim, that is when you’ll know that something has to be done.” Olukoyede called for stronger cooperation among law enforcement agencies, citizens, and the judiciary to tackle cybercrime. He also urged lawmakers to update Nigeria’s laws to support the use of artificial intelligence (AI) in criminal investigations. However, he noted that existing laws make it difficult to admit AI-generated evidence in court, adding: “I wish our legislators and professors of law will take time and come together to look at this area and come up with laws that will help us in the area of AI.” At the event, former Attorney-General of the Federation Kanu Agabi (SAN) urged anti-corruption agencies to recover stolen public funds kept abroad.
1 month agoThe Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has raised concerns over the growing threat of internet fraud, popularly known as Yahoo Yahoo. Mr Olukoyede, during a public presentation of two books authored by retired High Court judge, Justice Alaba Omolaye-Ajileye, recounted how fraudsters emptied ₦7.2 million from the bank […] The post Yahoo Boys Steal ₦7.2m Meant For School Fees Of Judge’s Child From Her Account appeared first on Information Nigeria.
1 month agoA serving judge lost N7.2m in school fees to Yahoo boys, but the EFCC successfully recovered the entire amount. Learn how the commission tackled this cyber Read More: https://punchng.com/judge-lost-n7-2m-childs-school-fees-to-yahoo-boys-efcc/
1 month agoEFCC Chairman Ola Olukoyede reported that internet fraudsters drained over N7.2 million from a judge's account, but funds were swiftly recovered the same day.
1 month agoEFCC Chairman narrates how Yahoo boys stole N7.2m from a judge’s account, meant for her child’s school fees. Discover how the EFCC recovered the funds. Read More: https://punchng.com/how-yahoo-boys-stole-judges-n7-2m-childs-school-fees-overnight-efcc-chair/
1 month agoThe chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has revealed how suspected internet fraudsters, commonly known as Yahoo boys, stole more than N7.2 million from the bank account of a serving judge in the middle of the night. Speaking at the launch of two books written by retired High Court judge […] EFCC Chair Olukoyede reveals how Yahoo boys stole N7.2m from judge’s account
1 month ago
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