As of May 29, 2023, when President Bola Ahmed Tinubu took office, the Economic and Financial Crimes Commission (EFCC) recovered N156, 276,691,242.30 and secured 3,175 convictions, according to Mr. Ola Olukoyede, the commission’s chairman.
At the Zero Tolerance Club’s inaugural event yesterday in Abuja at the University of Abuja, Gwagwalada, he made this statement.
Olukoyede, who was represented by Mohammed Hammajoda, the secretary of the EFCC, said in a statement released by the commission last night that the agency also retrieved $43,835,214.24, £25,365.00, €186,947.10, ₹51,360.00, C$3,750.00, A$740.00, ¥74,754.00, R35,000.00, 42,390.00 UAE Dirhams, 247.00 Riyals, and 21,580, 867631 Crypto Currency.
The chairman said that despite the EFCC’s outstanding performance over the course of the year, youth involvement in online fraud remained a major source of concern for all parties involved in the fight against corruption.
Notwithstanding this admirable effort, the committee is extremely concerned about the rising number of young people—including students—engaging in cybercrime, sometimes known as “yahoo yahoo.” Each month, hundreds of individuals are taken into custody, and many of them wind up behind bars, he claimed.
Stressing that a fraud conviction “is a burden that will leave a life-long scar on the fortunes of these youths,” he urged college students to abstain from online fraud.
He went on to say that there was never any excuse for cybercrime.
There isn’t any defence that will allow Yahoo to be accepted. Despite what some people may believe, being a fraudster does not equate to brilliance or inventiveness.
It is expected of you as students to focus your creative talents on worthwhile endeavours rather than being involved in resource theft,” he stated.