EFCC spokesperson, Wilson Uwujaren in a statement on Monday, said the duo were arrested by operatives of the agency for hacking emails of corporate organisations.
One of Nigeria's Main anti-graft agancies, Economic and Financial Crimes Commission has narrated how it arrested two internet fraudsters, popularly called 'Yahoo Boys', Tobiloba Ibrahim Bakare and Alimi Seun Sikiru, who were recently convicted and sentenced to three years in prison.Apart from the three-year jail term, the judge also ordered the convicts to forfeit to the Nigerian government the total sum of N204, 041, 216.
“What went wrong? The guy men, as internet fraudsters are called in cybercrime circles, were not careless. They never expected a comeuppance, at least not in the short term. But a certain transfer from one of their corporate accounts became their Achilles heels. As it turned out, EFCC was literally in pursuit of a small fish when it landed a Shark.
“As the reality of their circumstances dawned on them, they started to sing like canary. Bakare, the principal partner of the syndicate confessed to being a prolific BEC fraudster who hacks into the email of his corporate victims. He claimed he has earned over a million United States dollars from the crime and the proceeds laundered through investment in real estate and the rest used in servicing a luxury lifestyle and acquisition of expensive automobiles.
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