The Economic and Financial Crimes Commission (EFCC) disclosed on Thursday that three suspected internet fraudsters (Yahoo boys), arrested on Wednesday, had acquired cars, houses and a hotel with N806million stolen from a new generation bank.
The suspects, Okpekereke Timothy, Stanley Odjighere, and Teminor Karo, were arrested in Port Harcourt, Rivers State.
Punch quotes EFCC spokesman, Wilson Uwujaren as saying: “The EFCC has so far confiscated the following property, which are proceeds of the crime from the suspects; one uncompleted 59-room self-contain hostel, a twin bungalow in Oghara, Delta State, one uncompleted hotel project, one bungalow with a swimming pool in Ughelli and a bungalow in Agbaro.
“Others are one Toyota Venza, 2010 model; two Toyota Solara cars, 2010 model; two Toyota Camry cars, 2010 model and two Honda Accord cars, 2005 model.”
According to Uwujaren, investigations began after the bank had told the EFCC that a review of transactions involving the bank with Interswitch Nigeria limited revealed that the bank was not reimbursed for the transactions consummated on ATM terminals.
He said: “It was discovered that while many of the transactions involved were failed transactions, the amounts involved were not reversed, and all the customers were seen to have withdrawn the cash amounting to the sum on each day it happened”