The Economic and Financial Crimes Commission (EFCC) on Tuesday said it has traced money laundering activities in excess of $300,000 to an unnamed suspected internet fraudster, popularly known as, Yahoo Yahoo.
A statement by EFCC Spokesperson, Dele Oyewale indicated that “the suspect was among the 35 picked up on Sunday, May 4, 2025 in Sabo Iyako area of Auchi, Edo State, by the Commission, following credible intelligence that linked them to fraudulent internet activities.
“As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 for his syndicate members who are at large.
“Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.”
The statement added that the suspect “will be charged to court as soon as investigation is concluded.”
