Nigeria’s Economic and Financial Crimes Commission (EFCC) has stated that it has traced money laundering activities exceeding $300,000 (approximately £240,000) to a suspected internet fraudster recently arrested in Edo State.
The suspect was among 35 individuals apprehended on Sunday, May 4, 2025, in the Sabo Iyako area of Auchi, following intelligence linking them to fraudulent online activities.
According to the EFCC, investigations have revealed that the suspect acted as a “picker” or “azaman” – terms used in internet fraud circles – and is alleged to have collected and laundered over $300,000 for other members of his syndicate who are currently at large. In addition to internet fraud, the EFCC’s inquiries have reportedly linked the suspect to investment and banking fraud.
The anti-corruption agency stated that the suspect will be charged in court once the investigation is concluded. This arrest and the tracing of significant laundered funds highlight the ongoing efforts by the EFCC to combat internet fraud, commonly known as “Yahoo Yahoo” in Nigeria.
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