Lekki, the fast-developing upper middle class area of Lagos Metropolis, is emerging as the new hub of internet-related fraud. Data from the investigation activities of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, for the second quarter of 2021, indicates that Lekki District is the preferred location for all manner of cyber fraud syndicates.
Between April and June, 2021, the Advance Fee Fraud and Cyber Crime Sections of the Command recorded a total of 402 internet-related fraud arrests. While the Advance Fee Fraud Section was responsible for 243 arrests, the Cyber Crime Section executed 18 sting operations which resulted in 159 arrests, from which 13 convictions have so far been recorded.
The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Abdulrasheed Bawa on Thursday September 2, 2021, advocated strict compliance with and enforcement of extant laws and regulations to promote public accountability and the fight against corruption in Nigeria.
The EFCC boss who spoke through the Commission’s Director, Public Affairs, Osita Nwajah at a roundtable on Accountability organized by the Premium Times Center for Investigative Journalism, PTCIJ, at the Orisun Art Source, Abuja, noted that “there is no better prevention tool than a vigorous enforcement regime, one that is applied across the board in strict adherence with extant laws, rules and regulations”.
Justice Lateefat Okunnu of the Lagos State High Court sitting in Ikeja, has ordered the freezing of the assets and funds to the tune of N19, 178, 253,050 belonging to a convicted former Managing Director of the defunct Bank PHB Plc, Francis Atuche.
The Judge gave the order on Tuesday, August 31, 2021, following an ex parte application filed by the Economic and Financial Crimes Commission, EFCC, on August 17, 2021.
The funds, investigation showed, were domiciled in 24 different banks in Nigeria, including Citi Bank Limited; Ecobank Nigeria Limited; First Bank of Nigeria Plc; First City Monument Bank (FCMB); Globus Bank Limited; Fidelity Bank Plc; Keystone Bank Limited; Lotus Bank Limited and Mainstreet Bank Plc.