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The Economic and Financial Crime Commission EFCC has described Lekki area in Lagos state as the alleged new hub of internet-related fraud.
Wilson Uwujaren the Head, Media and Publicity of EFCC in a press statement on Friday revealed that investigation activities of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, for the second quarter of 2021, indicates that Lekki District is the alleged preferred location for all manner of cyber fraud syndicates.
The statement read " Between April and June, 2021, the Advance Fee Fraud and Cyber Crime Sections of the Command recorded a total of 402 internet-related fraud arrests. While the Advance Fee Fraud Section was responsible for 243 arrests, the Cyber Crime Section executed 18 sting operations which resulted in 159 arrests, from which 13 convictions have so far been recorded"
He added that of the 159 suspects arrested by the Cyber Crime Section of the commission, 70 are from Lekki, comprising communities such as Ajah, Badore, Victoria Garden City, Sangotedo and Oniru.
"Ajah area accounted for 24 suspects, while Oniru and Sangotedo communities had 14 and 13 suspects respectively. Badore area had 8 suspects. Neighbouring Ikoyi and Eko Atlantic had 2 and one suspect each. Ikorodu and Alagbado on the Lagos Mainland make up the remainder.
The suspects are mostly millennials, with 82 of them aged between 25-34 years, which speaks to the fact that most of the individuals arrested are either still in school, recent graduates or university drop outs.
Analysis of the data from the Cyber Crime Section further shows that the dominant form of internet crime is Dating Scam/Online Dating Scam/Romance Scam. Sixty Four percent (64%) of individuals arrested are involved in romance scam, followed closely by “Middle Man Scam” and “Picking” which account for 8% and 7% respectively of those arrested.
The 64% involved in the dating scam benefitted to the tune of N8, 310,000; $349,290 USD; £ 900; €10 and Cryptocurrency 0.17513.
Other typologies of fraud identified include forgery, possession of fraudulent documents, spamming, credit card fraud, impersonation, rental scam, loan fraud, Business Email Compromise, Hacking, stealing, cheque scam, phishing, and money laundering.
The data also reveals gift cards, at 39%, as the prevalent method employed by the suspects to access their illicit funds. It is followed by bank transfers at 27% and Cryptocurrency at 21%.
A total of $12, 512.49USD was recovered from the e-wallet accounts of four suspects within the period"
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