The Economic and Financial Crimes Commission (EFCC) has returned a total of $127,000 and N70 million to victims of fraud in the United States and Spain, marking a significant milestone in Nigeria’s fight against international cybercrime. Naija247news reports that the funds were recovered through a collaborative effort between the EFCC and law enforcement agencies in both countries.
Thank you for reading this post, don't forget to subscribe!According to Naija247news, the handover ceremony took place at the EFCC headquarters in Abuja on Tuesday, where the anti-graft agency presented the recovered funds to representatives of the victims. EFCC Chairman, Ola Olukoyede, described the operation as a testament to Nigeria’s commitment to combating cybercrime and restoring justice to victims. “This recovery underscores our determination to tackle fraud, no matter where it occurs. We will continue to work with international partners to ensure that perpetrators are brought to book,” Olukoyede stated.
Naija247news gathered that the funds were traced to Nigerian fraudsters involved in business email compromise (BEC) scams and romance fraud schemes. The victims, who were defrauded over a period of several months, expressed gratitude to the EFCC for its efforts in recovering their money. “I never thought I would see this money again. Thank you for giving me hope,” said one of the victims during the ceremony.
Naija247news understands that the recovery operation involved extensive investigations and intelligence-sharing between the EFCC, the Federal Bureau of Investigation (FBI), and Spain’s National Police. According to Naija247news, this collaboration highlights the growing importance of international cooperation in tackling transnational crimes.
The EFCC also used the occasion to warn Nigerians against engaging in cybercrime, emphasizing the long arm of the law. “We are stepping up our efforts to track down fraudsters and recover stolen funds. There is no hiding place for criminals,” Olukoyede added.
Naija247news reports that the handover ceremony has been widely praised by stakeholders, with many calling for sustained efforts to combat cybercrime. A cybersecurity expert, Dr. Adeolu Ogunbanjo, told Naija247news that the recovery is a positive step but urged the government to invest more in public awareness and education to prevent fraud.
As the EFCC continues its crackdown on cybercrime, Naija247news gathered that the agency is working on additional measures to strengthen its operations, including the deployment of advanced technology and capacity-building for its personnel.
Naija247news will continue to monitor developments in this case and provide updates on the EFCC’s efforts to combat fraud. For now, the return of $127,000 and N70 million to victims serves as a beacon of hope and a reminder that justice can prevail.
