Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday January 16, 2025 arrested 25 suspected internet fraudsters in a cybercrime training centre in Benin City, Edo state
The suspects’ arrest at their hideout was triggered by credible intelligence that indicated the apartment being used as a yahoo academy or training school for internet-related fraud and other fraudulent activities.
Items recovered from the suspects include six exotic cars, laptops and phones.
The suspects will be charged to court as soon as investigations are concluded.
Similarly, the Executive Chairman of the EFCC, Ola Olukoyede, stated that public sector corruption was the greatest problem in the country.
According to him, procurement and contract fraud accounted for 90 per cent of Nigeria’s corruption and fraud issues.
A statement on Friday by EFCC’s spokesman, Dele Oyewale said Olukoyede disclosed this during a meeting with a delegation of the management team of the Bureau of Public Procurement led by its newly-appointed Director General, Dr. Adebowale Adedokun at the corporate headquarters of the EFCC.
“In the EFCC, we handle both private and public sector fraud. And when it comes to the public sector, which is one of our major problems in Nigeria, we discovered that contract and procurement fraud takes more than 90 percent of the volume of public sector fraud. And if you look at it, they range from commingling, contract splitting and all forms of shenanigans all over the place”.
