TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Nigerian suspects in US $3bn cybercrime – Punch

The Citizen by The Citizen
September 4 2019
in Public Affairs
A A
0
EFCC arrests top fraudster on FBI list
22
SHARES
734
VIEWS
Share on FacebookShare on Twitter

The Federal Bureau of Investigation recently busted a cybercrime network in the United States that involves 77 Nigerians. This is mortifying as it casts an image slur on the country and her law-abiding citizens.  Some of the suspects are hibernating in their host nation; some are living large in Nigeria, while others are in their hideouts across the world. These devious characters should be fished out wherever they might be and subjected to due process of the law.

According to the details of the cybercrime, about $3 billion is involved, documented in 145 pages with which a US federal grand jury has raised 252 charges against the suspects. The state of California is among the safe havens for these felons. Through fraudulent business emails, romance scams and other facades, they defrauded their victims of millions of dollars and aided by a complex network, took the funds out of the US.  The FBI said, “The impersonation attacks have cost consumers and businesses more than $3 billion since 2015.”

President Muhammadu Buhari, while in Japan for the seventh Tokyo International Conference on African Development, strongly condemned the act. As a minority group, he rightly noted that “they do not represent the values of our country.” Earlier, the Nigerian Embassy in Washington said Nigeria “condemns such criminal acts in all ramifications.”  It emphasised that Nigerians were generally hardworking and law-abiding.

Amid this forlornness, the arrest of 28 of these suspects by the Economic and Financial Crimes Commission in Nigeria, in a collaborative effort with the FBI, is salutary. Out of this number, 14 of them have been convicted here; nine are undergoing trial, while five of the cases are being investigated. A total of $314,000 and N373 million stashed in their bank accounts have been recovered. But the commission should work harder with similar agencies to nab all of them hiding within. They should extradite them to the US based on the Mutual Legal Assistance protocol existing between both countries, given our compromised justice delivery system.

However, no matter the efforts to mitigate the negative impact of this wire fraud, the bitter truth is that the cybercrime saga is a growing ugly local trend shifted to the international arena. For too long, the get-rich-quick syndrome or unexplained wealth has sadly become a national sub-culture. The contagion is spear-headed by public officials who brazenly loot the treasury. But there is no similar official audacious endeavour to get them to cough up their illegally acquired wealth.

For 20 years, for instance, reports of the Auditor-General of the Federation, submitted annually to the National Assembly for action, with mind-boggling details of abuse of public finance, have been swept under the carpet. With the unemployment rate rocketing, misguided youths now resort to criminality or life on the fast lane as an escapist route. But hard times cannot justify the culture of duplicity as a means of earning a living.

Although, the Federal Government, before now, had recognised this as an existential challenge, exemplified in the Cybercrimes (Prohibition, Prevention etc) Act 2015, it has been like any other piece of legislation in the country, with the lack of expected rigour in enforcement. The police, who have a critical role to play in crime detection and investigation, seem to have reduced themselves to countervailing agents. Synergy is required among the security agencies to tackle this menace.

Rather than such collaboration working, some police personnel find it convenient to label the youth as Yahoo-Yahoo boys (cybercriminals) when found with laptops and good cellphones or driving good-looking cars without any incriminating evidence; just driven by extortion. A drive to rid the society of cybercrime should be intelligence-driven and well coordinated. Reports say that from 2018 to date, the EFCC, prior to the collaborative efforts with the FBI, had launched a sustained operation on perpetrators of various computer-related frauds, which resulted in over 200 arrests and 130 convictions.

The cybercrime  law provides an array of sanctions, ranging from seven years’ imprisonment or N5 million fine, or both, for any person convicted of an “Electronic cards-related fraud.” Besides, the convict shall be further liable to the payment in monetary terms the value of loss sustained by the victims. The use of fraudulent device or attached e-mails and websites, identity theft and impersonation, among other provisions are covered in the law.

Most striking is the fact that some frauds do not succeed without the connivance of banks. This is why the EFCC and the Central Bank of Nigeria should pay more attention to the sundry violations of Nigeria’s Anti-Money Laundering Act by bank officials. This will be a good starting point. Diplomatic efforts and governance at home need to be ramped up to pass a strong message to criminally-minded elements that the long arm of the law will always catch up with them: either as wire fraudsters or drug traffickers, whether at home or abroad. Taming this tide of ill-gotten wealth requires the adoption of the unexplained wealth law, now operational in the United Kingdom and other countries with zero-tolerance for fraud.

Instructively, the US should not use this fraud incident to stereotype all Nigerians. Doing so will be superfluous and unfair. Whether in the US, Europe or elsewhere, Nigerians in the academia, medicine, entrepreneurship and other professions are doing the country proud, adding value to the economies and governance of their host nations to boot.

Share9Tweet6
Previous Post

Checking cheating – The Nation

Next Post

Attacks on Nigerians in South Africa – Thisday

Related Posts

Beyond words: Nigeria needs a new plan against terror – Guardian
Public Affairs

Beyond words: Nigeria needs a new plan against terror – Guardian

October 23 2025
Kwara govt plans mass burial for unclaimed corpses
Public Affairs

Curbing the expansion of terrorism into Kwara – Punch

October 23 2025
Invest in vocational, technical education – Punch
Public Affairs

Invest in vocational, technical education – Punch

October 20 2025
End female genital mutilation – Punch
Public Affairs

End female genital mutilation – Punch

October 17 2025
Nnaji: Nigeria’s dodgy vetting processes – Punch
Public Affairs

Nnaji: Nigeria’s dodgy vetting processes – Punch

October 16 2025
Vacations and governance: Why President Tinubu’s trip matters -Guardian
Public Affairs

Tinubu, honour promise to ASUU – Punch

October 15 2025
Next Post
South Africa’s President fights back in corruption row

Attacks on Nigerians in South Africa – Thisday

Johnson suffers defeat in key parliamentary vote on Brexit

Johnson suffers defeat in key parliamentary vote on Brexit

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Oil production: Kogi State demands 13% derivation fund

Kogi fixes October 17, 2026 for LG poll

by The Editor
October 23 2025
0

...

ALGON orders Edo council officials to wear Tinubu’s signature caps

ALGON orders Edo council officials to wear Tinubu’s signature caps

by The Editor
October 18 2025
0

...

Olubadan unveils legal committee to tackle land grabbing

Olubadan unveils legal committee to tackle land grabbing

by The Editor
October 15 2025
0

...

Birnin Gwari needs urgent federal intervention – Emir tells Tinubu

Birnin Gwari needs urgent federal intervention – Emir tells Tinubu

by The Editor
October 13 2025
0

...

APPOINTMENTS

Tinubu seeks Omidiran, 28 others’ confirmation as FCC members

Tinubu seeks Omidiran, 28 others’ confirmation as FCC members

by The Editor
October 15 2025
0

...

Okpebholo swears in 19 commissioners, warns against corruption

Okpebholo swears in 19 commissioners, warns against corruption

by The Editor
October 15 2025
0

...

Fubara drops Danagogo, appoints Anabraba as Rivers SSG

Fubara drops Danagogo, appoints Anabraba as Rivers SSG

by The Editor
October 13 2025
0

...

Savannah Energy signs agreement with Chadian govt for new renewable energy projects

Savannah Energy announces board changes, appoints two Nigerians as Independent Non-Executive Directors

by The Editor
October 9 2025
0

...

ODDITIES

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

Kano Court orders Hisbah to marry off TikTokers over ‘indecent’ videos

by The Editor
October 20 2025
0

Teenager plucks sister’s eyes for ritual in Bauchi

Teenager plucks sister’s eyes for ritual in Bauchi

by The Editor
October 20 2025
0

Lagos to probe school over alleged sodomy

Father impregnates 15-year-old daughter in Ondo

by The Editor
October 17 2025
0

GLOBAL NEWS

US govt justifies sending migrants to South Sudan

Trump heads to Asia, eyes major trade, peace deals

by The Editor
October 23 2025
0

...

Madagascar coup leader appoints businessman as new prime minister

Madagascar coup leader appoints businessman as new prime minister

by The Editor
October 20 2025
0

...

Madagascar’s military leader swears in as president

Madagascar’s military leader swears in as president

by The Editor
October 18 2025
0

...

Trump, Putin to meet in Budapest over Ukraine war

Trump, Putin to meet in Budapest over Ukraine war

by The Editor
October 17 2025
0

...

2026 Hajj: Saudi govt approves 66,910 slots for Nigeria

2026 Hajj: Saudi govt approves 66,910 slots for Nigeria

by The Editor
October 17 2025
0

...

State of the States

Cross River APC endorses Otu, deputy for 2027 election

Cross River govt shuts 36 illegal schools

by The Editor
October 23 2025
0

...

Aiyedatiwa clears Ondo two-year gratuity backlog

Aiyedatiwa clears Ondo two-year gratuity backlog

by The Editor
October 20 2025
0

...

21.8% North-East residents HIV positive – NBS …as 16,000 die from HIV complications in Borno

Adamawa records 8,850 new HIV infections in four years

by The Editor
October 17 2025
0

...

Zamfara APC condemns state govt’s mass sacking of civil servants

Zamfara APC condemns state govt’s mass sacking of civil servants

by The Editor
October 14 2025
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Cycling Kano 2025: Organisers open online registration for athletes

Cycling Kano 2025: Organisers open online registration for athletes

October 23 2025
Gov. Bago directs Niger state residents to defend selves against terror attacks

Gov. Bago directs Niger state residents to defend selves against terror attacks

October 23 2025
174 Nigerians arrive from Libya

FG receives 147 stranded Nigerians from Libya

October 23 2025
Beyond words: Nigeria needs a new plan against terror – Guardian

Beyond words: Nigeria needs a new plan against terror – Guardian

October 23 2025

EDITORIAL REVIEW

Beyond words: Nigeria needs a new plan against terror – Guardian

Beyond words: Nigeria needs a new plan against terror – Guardian

by The Editor
October 23 2025
0

Kwara govt plans mass burial for unclaimed corpses

Curbing the expansion of terrorism into Kwara – Punch

by The Editor
October 23 2025
0

Invest in vocational, technical education – Punch

Invest in vocational, technical education – Punch

by The Editor
October 20 2025
0

End female genital mutilation – Punch

End female genital mutilation – Punch

by The Editor
October 17 2025
0

Nnaji: Nigeria’s dodgy vetting processes – Punch

Nnaji: Nigeria’s dodgy vetting processes – Punch

by The Editor
October 16 2025
0

Opinion

Dear Senator Tinubu, Buhari has thrashed us all!

If a coup happens in Nigeria, who will fight for democracy?

by The Editor
October 23 2025
0

...

Tinubu finds his own demons

Next time, Umahi should go to NTA

by The Editor
October 16 2025
0

...

Objections over presidential pardon for grave offenders

Objections over presidential pardon for grave offenders

by The Editor
October 13 2025
0

...

1975 public service purge: What have we learnt?

1975 public service purge: What have we learnt?

by The Editor
September 30 2025
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2024 TheCitizen Ng. All Rights Reserved.