EFCC: Politicians Now Using Yahoo Boys to Launder Money

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The EFCC says some politicians are using internet fraudsters to hide stolen funds. Chairman Ola Olukoyede revealed a 22-year-old Yahoo boy laundered over ₦5bn in 18 months for powerful people.

He warned this growing trend is fueling crime and damaging Nigeria’s image globally.

Olukoyede added that the commission is stepping up efforts to track and prosecute those enabling cybercrime, including elites using Yahoo boys as proxies.

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