How Bank Staffs Are Helping Yahoo Boys: EFCC Warns Against Protecting Suspected Fraudsters

Affordable Data Plans for MTN, Airtel, Glo, and 9mobile at allmedia24data.com
How Bank staff is helping Yahoo Boys: EFCC warns against protecting suspected fraudsters

In a recent announcement, the Economic and Financial Crimes Commission (EFCC) has implicated certain commercial bank officials in money-related fraud cases in Nigeria. As a result, the EFCC has issued a stern warning to commercial banks, urging them to cease protecting customers suspected of engaging in financial crimes.

During a meeting with senior compliance officials from Kwara and Kogi states in Ilorin, EFCC Zonal Commander Michael Nzekwe shed light on the matter. He emphasized the sensitive position held by bank officers and their crucial role in combating economic and financial crimes. The purpose of the meeting was to educate banks about emerging trends in cybercrime and to explore areas requiring increased stakeholder cooperation in the ongoing battle against such crimes.

Buy Cheapest Data Price
Our Data Prices on JMDATA:
- MTN SME 1: N255 per 1GB
- MTN Corporate: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: https://play.google.com/store/apps/details?id=com.encrypted.jmdata

Commander Nzekwe emphasized the necessity for financial institutions to strictly adhere to banking rules and regulations while diligently carrying out their duties. He boldly stated, “No major fraud, especially money laundering, is ever committed without the connivance of bank officials.”

According to a report released by the EFCC, a total of 3,785 convictions were secured in 2022, underscoring the seriousness of the issue at hand.

READ ALSO: How To Apply for University of Sheffield’s Fully-Funded Sanctuary Scholarships for Displaced Students

The EFCC’s announcement raises concerns about the involvement of bank staff members in facilitating fraudulent activities, particularly those associated with Yahoo Boys—an umbrella term for individuals involved in online scams. It serves as a call to action for financial institutions to exercise greater vigilance and ensure the integrity of their staff, as well as to collaborate closely with law enforcement agencies to curb such criminal activities.

The EFCC’s initiative aims to tackle the growing threat of cybercrime in Nigeria by fostering a culture of compliance and accountability within the banking sector. The commission recognizes the need for joint efforts from all stakeholders involved, including the government, financial institutions, and law enforcement agencies.

As the EFCC sheds light on the connivance of certain bank officials in financial crimes, it becomes evident that combating cybercrime necessitates a multifaceted approach. With increased awareness, cooperation, and strict adherence to regulations, Nigeria can work towards a safer and more secure digital landscape.

Source: NAIJAPR.com

RELATED: EFCC Appeals Ruling Over Forfeiture of Properties and N400m Linked to Kogi Governor Yahaya Bello

Google News Channel

Follow us on Google News for Latest Headlines

Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;

WhatsApp Channel


WhatsApp Group


Facebook Page


Our Twitter Page

Telegram Group


Threads App Official Page


Allmedia24 Whatsapp Group


One Comment

  1. Pingback: Tinubu Will Be Disqualified, Charly Boy Accuses Him of Neglecting Yoruba Interests in Controversial Presidential Victory - Allmedia24 News

Leave a Comment

Your email address will not be published. Required fields are marked *