Ahead of the christmas and New year celebrations, the Economic and Financial Crimes Commission (EFCC) has launched operation, code-named ‘Cyber Storm’ against online fraudsters also known as ‘Yahoo Boys’
The Commission explained that the operation will include monitoring of suspicious transactions especially by youths who could not explain their sources of wealth.
The commission will also deploy its agents in nightclubs and concerts where youths usually go to “pop” expensive champagnes.
The anti-graft agency will also be monitoring social media accounts of suspected fraudsters who usually show off their expensive cars and houses.
As part of the operation, EFCC has already arrested over 50 suspected online fraudsters in the last 10 days in Lagos, Abuja, Port Harcourt and Ibadan.
An EFCC operative said, “We have declared a total war on Yahoo boys who have done nothing but give Nigeria a bad name at home and abroad. We know their methods of operation. Be assured that in the coming days, we will make more arrests. But those who live honest lives will not be touched.”