In its first year under President Bola Ahmed Tinubu, Nigeria’s Economic and Financial Crimes Commission (EFCC) has made significant strides, recovering a total of N231.6 billion and securing 3,175 convictions. The figures were disclosed in the latest edition of the EFCC Alert, made available on Wednesday in Abuja.
The recoveries comprised various currencies, including $70,260,544.18, £29,264.50, €208,297.10, and several others, amounting to a substantial total. Mohammed Hammajoda, Secretary to the Commission, presented the data during an event with Nigerian students on behalf of EFCC Executive Chairman Ola Olukoyede.
Despite these achievements, Hammajoda expressed concern over the rising involvement of youths in internet fraud, known locally as “yahoo yahoo.” He highlighted the issue as a serious threat to the anti-graft efforts and urged students to avoid such criminal activities.
The EFCC official warned that involvement in cybercrime has severe long-term consequences and stressed that the commission remains committed to combating fraud. He encouraged students to focus their creativity and talents on positive endeavors rather than engaging in deceitful practices.
