CorruptionNewsEFCC Denies Offering N1 Million To ‘Yahoo Yahoo’ Informants

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The Economic and Financial Crimes Commission (EFCC) has denounced the report of offering a financial reward of ₦1 million for anyone with information that could lead to the arrest of an internet fraudster, also known as ‘Yahoo Yahoo.’

The anti-graft agency stated this in a statement signed by its Head of Media and Publicity, Wilson Uwujaren on Friday.

The Commission stated that the “clarification became necessary following phone calls by citizens wanting to cash in on notices in the social media by fraudsters promising a reward of One Million Naira for friends, family, and relatives of Yahoo Boys who hand them over to the EFCC.”

One of the notices with the hashtags #EFCC and #beagoodcitizen said, “If you have a Yahoo Yahoo boy as family, friend, or relative, kindly hand them over to us, and get a massive reward of 1million naira.”

The EFCC spokesperson advised that the public should disregard the notices because the Commission was not aware of them, adding that “Promoters of the hashtags are currently under surveillance and every effort will be made to bring them to justice.”

However, the statement explained that the Commission “welcomes information that could lead to the arrest of cybercrime suspects, it has no policy of financial reward for such informants.”

He added, “The fight against corruption and other forms of economic crime is a patriotic duty and Nigerians are encouraged to embrace it with altruism.

“The whistleblower policy of the Federal Government which the Commission is among the agencies saddled with its implementation is applicable only to public sector corruption.

“The public is warned that the Commission will not be responsible for anyone who falls for this obvious scam.”

Bada Yusuf Amoo (Correspondent)

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