A new report from Sumsub, a global full-cycle verification platform, reveals alarming trends in identity fraud across Africa, with Nigeria recording the highest average fraud rate in 2024 at 5.91%, doubling from the previous year. Other nations with significant fraud rates include Algeria, Tanzania, Madagascar, and Chad. Sumsub provides customizable solutions in KYC, KYB, transaction…
Suspected internet fraudsters have allegedly shot a collaborator over a disagreement arising from the sharing of N94 million proceeds from an online scam. The incident reportedly occurred on Sunday at Okhoro road in the Egor Local Government Area of Edo State. The victim was said to have been driving in his Sport Utility Vehicle when…
Justice Rosemary Dugbo-Oghoghorie of the Federal High Court sitting in Calabar, the Cross River State capital has convicted and sentenced five internet fraudsters to various jail terms. The convicts had been arraigned by the Uyo Zonal Directorate of the Economic and Financial Crimes Commission (EFCC), for criminal impersonation, fraudulent messaging and money laundering. This was…
Mark and Ros Dowey, parents of a British teenager who took his own life after falling victim to sextortion, have appealed to perpetrators to stop the act. Murray, their 16-year-old son, committed suicide after he was tricked by scammers from Nigeria who posed as a girl, into sending compromising pictures of himself. Authorities in Nigeria…
Operatives of the Economic and Financial Crimes Commission (EFCC) have arrested a total of 28 suspected internet fraudsters, popularly known as ‘Yahoo boys’ in Edo and Akwa-Ibom states. The suspects were arrested on Monday after a separate sting operation conducted on their hideouts following an intelligence report on their alleged fraudulent activities. Thirteen of the…
The Economic and Financial Crimes Commission has arrested 54 suspected internet fraudsters in separate operations in Rivers and Adamawa states. In a statement posted on X.com on Wednesday, the EFCC disclosed that 33 suspects were apprehended at their hideouts around the Iwofe and Ogboro areas in Port Harcourt, Rivers State. The sting operation, carried out…
GISTSMATE MEDIA reports that the operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Monday September 30, 2024, arrested 24 suspected internet fraudsters at different locations within Benin City. The suspects were arrested following actionable intelligence of their suspected involvement in computer-related fraud. According to the commission, utems recovered…
Twenty nine suspected internet fraudsters have been arrested by operatives of the Economic and Financial Crimes Commission, EFCC, in Gwagwalada area of the Federal Capital Territory, FCT. The suspects were arrested by the operatives of the Abuja Zonal Directorate of EFCC on Wednesday, September 18, 2024, Dele Oyewale, Head, Media & Publicity, EFCC said in…