Huh: Suspected Yahoo Boys Build Houses, Hotel With Proceeds

Some of the confiscated property

The Economic and Financial Crimes Commission, EFCC, have arrested three suspected internet fraudsters in Port Harcourt, Rivers State - Okpekereke Timothy, Stanley Odjighere, and Teminor Karo.

The trio are part of a syndicate arrested over allegations of conspiracy, internet scam and stealing from one of the new generation banks to the tune of N806, 208,000.00 (Eight Hundred and Six Million Two Hundred and Eight Thousand Naira). Forty others are still at large.

The theft was perpetrated through a system glitch linked to the fraudsters, in which the bank suffered
a huge loss of more than N806, 208,000

The petitioner, who works in one of the new generation banks, alleged 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.


Confiscated property

He observed 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involved were failed transactions, the amounts involved were not reversed, and all the customers were seen to have withdrawn the cash amounting to the sum, on each day of the occasion it happened.

The EFCC has so far confiscated the following property, which are proceeds of the crime from the suspects who are all within the South-South zone: 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, a bungalow in Agbaro , one Toyota Venza 2010 model, two Toyota Solara cars 2010 model, two Toyota Camry cars, 2010 model and two Honda Accord cars, 2005 model. The suspects would be arraigned in court as soon as investigations are completed.

Posted: at 16-01-2015 08:05 AM (9 years ago) | Gistmaniac

 

Posted: at 16-01-2015 08:16 AM (9 years ago) | Addicted Hero

Okay

Posted: at 16-01-2015 08:21 AM (9 years ago) | Upcoming

Yes that Good;
...........FAROUK is dining and whining with his Corrupt master (GEJ) after the accusations and his cases has discharge and acquitted .................

EFCC is a fake government set up against corruption becos I ven't seen there work at all ................ Becos we have politicians looting  and stealing. Money to abroad ... EFCC are just dere doing noting ........ EFCC is just the combination of corrupts personal  control by the  most corrupt leader. That just it . 

Posted: at 16-01-2015 10:29 AM (9 years ago) | Gistmaniac

 

Posted: at 16-01-2015 01:53 PM (9 years ago) | Addicted Hero

 

Posted: at 16-01-2015 10:35 PM (9 years ago) | Gistmaniac

They re like Nigeria army who dealt with civilians in the streets but can't face boko haram

Posted: at 17-01-2015 12:59 AM (9 years ago) | Newbie

Pls leave the yahoo guy alone jare.Alameisie has been pardoned and so are the others then why the double standard?

Posted: at 17-01-2015 01:20 AM (9 years ago) | Upcoming

He has met his waterloo

Posted: at 17-01-2015 08:27 AM (9 years ago) | Gistmaniac

mmh Naija immoralities pls free d young guy's afterall every of the crime starts 4rm d head 

Posted: at 17-01-2015 05:28 PM (9 years ago) | Upcoming