For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC - Politics

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For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC - Politics - Nairaland

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For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by ijustdey: 5:05pm On Jul 05

The Chairman of the Economic and Financial Crimes Commission (EFCC), Mr Ola Olukoyede, has said that in 2022, Nigeria lost not less than $500 million to the activities of fraudsters popularly known as Yahoo Boys.

He also said that in the same year, about 71 international companies left Nigeria because fraudsters hacked their accounts.

Olukoyede said this while speaking at the occasion where the Global Peace Movement International (GPMI), an international organisation conferred him with the “Man of Valour” Award.

Speaking on the negative impact of internet crimes, Olukoyede said, “In 2022, we lost over $500million in our economy to yahoo boys. The statistics are there. In the same year, about 71 international companies left Nigeria because they hacked their accounts.

“We can’t get credit cards in Nigeria because of our poor credit rating because of the activities of these cyber criminals, so the best we can get is debit cards.

“Do you know that there are some international merchants that you cannot use Nigerian cards on their platforms?

“Display your Green Passport outside the country and see if they will not take you aside and search you thoroughly.”

Bewailing the scourge of corruption in the country, Olukoyede promised not to disappoint Nigerians and not to spare the corrupt.

According to him, for every N10 the EFCC recovers, more than N50 has been stolen and to recover that N10, there is a need for approximately N2.50k.

He therefore restated the commitment of his administration to the pursuit of preventive frameworks to tackle corruption.

He said, “We decided to go by the way of prevention and I set up a directorate of Fraud Risk Assessment and Control (FRAC).

“With this Directorate, we are going into MDAs and monitor real time the implementation of budgets. As money is being released, we will be tracking it.”

Olukoyede charged Nigerians to fully embrace the fight against economic and financial crimes in the overall interests of the nation.

https://saharareporters.com/2024/07/05/every-looted-n10-we-recovered-nigeria-more-n50-was-stolen-says-anti-corruption-body-efcc

5 Likes 2 Shares

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Thundafireseun: 5:07pm On Jul 05

lies will eventually killll this EFCC BOSS

THE real reason why international companies left Nigeria is because there is no end in sight for their losses due to high govt taxes,
scarcity of forex, insecurity…power outages.. and increased competition from local firms…

And he opened his mouth to say that every 10 naira recovered they put in #2,50 kobo …

That’s to say every 10billion recovered 2.5 billion was spent to achieve this….
Every 10million recovered 2.5 million was spent 😊😊😆😆

A very very funny joke

73 Likes 1 Share

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by esime: 5:10pm On Jul 05

Yet we are fighting corruption

2 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by yarimo(m): 5:39pm On Jul 05

Noisemaker without action

115 Likes 1 Share

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by slaawomirr: 9:06pm On Jul 05

Damnnn niggar

The whole of Tinubu's administration is failing
And is full of shit

15 Likes 1 Share

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Talkisneeded: 9:06pm On Jul 05

Another day, another story....

I sell herbs tho

2 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by jericco1(m): 9:06pm On Jul 05

5000000 was stolen

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by tolumizzy(m): 9:06pm On Jul 05

This country is gone

9 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by specialmati(m): 9:07pm On Jul 05

and now that the best criminals are incharge of the countries affair.no hope

14 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by dauntless15(m): 9:07pm On Jul 05

Justify incompetence, you're good at it, infact that's all you do, I won't let this country drown me with it, I'll leave or die trying, and compared to what every average Nigerian is going through death is considered resting, if not because we're strong emotionally due to how familiar we are with misery and struggle, people for dey commit suicide daily and everyone would be messed up in the head, so much most people don't fear death anymore including me, I have been harassed by these so called law enforcement and efcc, I lost my mum due to poor healthcare etc, asin this country has dealt with me beyond counting.

6 Likes 2 Shares

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Deltatoto: 9:08pm On Jul 05

ijustdey:

https://saharareporters.com/2024/07/05/every-looted-n10-we-recovered-nigeria-more-n50-was-stolen-says-anti-corruption-body-efcc

go and arrest bello before we will take u seriously.I take odumeje more seriously than u.Everything under tinubu is just hopeless.To appoint better ppl na problem

6 Likes 1 Share

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Kingpele(m): 9:08pm On Jul 05

See nonsense talk....since tinubu became president is as if he diligently appointed chronic liars at every stage of government because the way this guys tell lies with straight face will definitely make lar Muhammad of buharia regime a saint...very unfortunate people in corridor of power

4 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by NwaNimo1(m): 9:09pm On Jul 05

1 Like

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by casualobserver: 9:09pm On Jul 05

This man talks too much! You are not lobbying for the job, the job is yours (how you managed to get the job only God knows) now that you are on the saddle let your convictions speak for you.

Kilode!!!

8 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by gistray: 9:10pm On Jul 05

While one politician stole more than 1Billion dollars

4 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by santopelele(m): 9:11pm On Jul 05

Ok, then tell us how much the politicians are looting, how much you recovered and how much that was looted back from the recoverd loot.

5 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Sonnobax15(m): 9:12pm On Jul 05

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Dalohad: 9:13pm On Jul 05

We all know that EFCC only recovers looted funds for relooting of the same funds by another set of politicians.

Who has records of how much EFCC have recovered from Yahoo boys and what happens to the money? Are politicians also relooting the same yahoo funds?

6 Likes

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Ebigwei007: 9:14pm On Jul 05

I no that helinus will agree to this man, how can he say such a thing? So yahoo boys is mainly the downfall of nigeria economy?

1 Like 1 Share

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Blazetrailer: 9:15pm On Jul 05

Can you get to work and stop blabbing about?

..anyways, what did I expect from the government led by one of the most corrupt Nigerians

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by MrCover: 9:17pm On Jul 05

Following The Update

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Achor1111(m): 9:19pm On Jul 05

We know

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by easyfem(m): 9:21pm On Jul 05

Because the pple that stole the money are still in the system . So aw do u fight thief in his own house

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Dimaya: 9:23pm On Jul 05

Not surprising.

The country is filled with yahoo boys

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Houseofglam7(f): 9:23pm On Jul 05

🫤

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by NinjaMetahuman: 9:26pm On Jul 05

Instead of going after these thieves, they are busy burtsting hotels and tagging everyone lodging there yahoo boys.

When the real thieves have police and army escort.

Re: For Every Looted N10 We Recovered In Nigeria, More Than N50 Was Stolen; EFCC by Advancedman(m): 9:29pm On Jul 05

He also said that in the same year, about 71 international companies left Nigeria because fraudsters hacked their accounts.

Lie

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