Billionaire Internet Fraudster’ Sentenced To Two Years Imprisonment In Abuja
Chima Hyginus Nkwocha, who went by the name “Young Billionaire,” has been sentenced to two years in prison for internet fraud and money laundering. The Nigerian Economic and Financial Crimes Commission (EFCC) confirmed the conviction on January 8, 2025, following a court ruling on December 31, 2024. Nkwocha was charged with impersonating several people online, […]
U.S. Court Sentences Tunde Ayeni To 10 Years For Internet Fraud Wort $20 Million
Tunde Ayeni, a Nigerian man involved in a large-scale internet fraud scheme, has been sentenced to 10 years in prison by a U.S. court. The U.S. District Court for the Southern District of Alabama also ordered him to pay nearly $20 million in restitution to the victims of his fraudulent activities. Ayeni pleaded guilty to […]
Nigerian and Eight Others Charged in US for $20 Million Money Laundering Scheme
Nine people, including a Nigerian national, have been accused of running a large-scale money laundering organization in the United States. The group is said to have laundered $20 million obtained through internet fraud schemes, such as business email compromise. The U.S. Department of Justice announced the charges on November 27, 2024. The accused, aged between […]
UNIPORT Final-year Student Sentenced To 14-years Imprisonment For Internet Fraud
Henry Nathaniel Ekanem, a final-year student at the University of Port Harcourt in Rivers State, has been sentenced to 14 years in prison for internet fraud. The ruling was made on October 30 by Justice A. T. Mohammed at the Federal High Court in Port Harcourt. Ekanem faced seven charges related to obtaining money through […]
Six Imprisoned for Online Fraud in Kwara
The fight against internet fraud in Nigeria took another significant step as six individuals were convicted and sentenced to prison by two courts in Kwara State. On October 14, 2024, the Economic and Financial Crimes Commission (EFCC), Ilorin Zonal Directorate, successfully secured the convictions of Idris Muhammed, Ismail Temitope Mustapha, Oyekola Odunayo, Anthony Sylvester Stephen, […]
Suspected Yahoo Boy Proudly Flaunts Ritual Items Used for Fraud on Social Media
The world of internet fraud, commonly referred to as “Yahoo Yahoo,” has seen individuals resort to desperate and unusual measures to gain success. In a recent video posted on TikTok, a young man suspected of being a Yahoo boy boldly shared what he claims to be the secret to his fraudulent activities. The video, which […]
Abuja Billionaire Arrested by EFCC for Internet Fraud and Money Laundering
In a significant development, the Economic and Financial Crimes Commission (EFCC) has apprehended Hyginus Nkwocha, a prominent businessman in Abuja. On August 21, 2024, Nkwocha, who is 35 years old, was arrested at Ever Green Estate, located behind Millennium Estate in Lugbe, Abuja. This arrest came after the EFCC received intelligence about his alleged involvement […]
Woman Arrested for Stabbing Husband to Death Over Internet Fraud Proceeds in Imo
A 27-year-old woman, Oluchi Nzemechi, from Uzoagba in Ikeduru LGA, Imo State, has been arrested for allegedly killing her 31-year-old partner, Kelechi Nzemechi. Police spokesperson ASP Henry Okoye stated that Oluchi admitted to the crime during questioning, revealing that her partner had introduced her to internet fraud, known as ‘yahoo yahoo’. According to Okoye, Oluchi […]