EFCC traces $300,000 laundered money to arrested yahoo boy suspect
By Andrew Orolua
The Economic and Financial Crimes Commission, EFCC, says on Tuesday it has traced money laundering activities in excess of $300,000 (Three Hundred Thousand United States Dollar) to a suspected internet fraudster.
According to the anti graft agency the suspect was among the 35, picked up on Sunday, May 4, 2025 in Sabo Iyako area of Auchi, Edo State by its operatives following credible intelligence that linked them to fraudulent internet activities.
This is contained in a statement by Dele Oyewale , Head, Media & Publicity EFCC.
As a “picker” or “azaman” in internet fraud lingo, investigations revealed that the suspect has collected and laundered over $300,000 (Three Hundred Thousand United States Dollars) for his syndicate members who are at large.
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Apart from internet fraud, EFCC’s investigations revealed that the suspect is equally involved in investment and banking fraud.
He will be charged to court as soon as investigation is concluded.
