For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen – EFCC

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has said that in 2022, Nigeria lost not less than $500 million to the activities of fraudsters popularly known as Yahoo Boys.

He also said that in the same year, about 71 international companies left Nigeria because fraudsters hacked their accounts.

Olukoyede said this while speaking at the occasion where the Global Peace Movement International (GPMI), an international organisation conferred him with the “Man of Valour” Award.

Speaking on the negative impact of internet crimes, Olukoyede said, “In 2022, we lost over $500million in our economy to yahoo boys. The statistics are there. In the same year, about 71 international companies left Nigeria because they hacked their accounts.

Native Reporters