• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption EFCC Recover N60mn Wristwatches from Mompha- Magu
  • Anti-Corruption

EFCC Recover N60mn Wristwatches from Mompha- Magu

By
Ibrahim Magu
-
November 1, 2019
Ibrahim Magu of EFCC
Ibrahim Magu of EFCC

EFCC Recover N60mn Wristwatches from Mompha- Magu
(Remarks By Acting Chairman, EFCC, Ibrahim Magu, At Interactive Session with Stakeholders)

The EFCC was created due largely to the negative effect of the activities of fraudsters, especially a advance fee fraudsters, on the economy and image of our Nigeria. While the Commission was successful in tackling advance fee fraud, other forms of fraudulent activities have emerged, promoted by advances in telecommunications, with even greater impact on the economy and image of Nigeria.

· Many youths are involved in Internet fraud of different types, most often targeting foreigners, especially women, whom they defraud of large sums of money.

· The EFCC has been unrelenting in its effort to check the activities of these fraudsters, who, I must say, represent a tiny fraction of the population of our country.

· Following the complaints from some foreign countries, the Commission has had to undertake special collaboration with other law enforcement organizations, to check these crimes. Recently, the Commission and the US Federal Bureau of Investigation, FBI concluded a joint operations code named, Operation Rewired.

· The exercise was meant to dismantle the network of organised criminal gang that specialize in Business Email Compromise schemes, designed to intercept and hijack wire transfers from businesses and individuals.

· The operation resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers.

· Also worthy of mention is the Operation Triangle, which saw Italian police and EFCC working closely to dismantle a trans-national criminal group operating in all the 5 continents.

EFCC in close cooperation with the Italian National Police as well as Spanish, Polish, English, Belgian, Georgian, Turkish and Cameroonian police, with the support of Europol and Interpol, and the coordination of Eurojust, carried out extensive investigations which resulted in the arrest of 62 individuals, seizure of 40 Thousand Euros, 30 smart phones, 10 tablets and 15 personal computers.

· Some of the Nigerians mentioned in the infamous FBI list of cyber fraudsters have been tracked, arrested and are being prosecuted in courts across the country by the Commission.

· But more fundamental than these international collaborations is the sustained effort of the Commission to comprehensively tackle the menace of Internet related frauds in Nigeria. I am happy to report that we are recording series of breakthroughs with almost daily arrests of suspected fraudsters across the country

Read Also:

  • NAF Graduates Anti-Drone Radar Experts to Boost Air Defence Capabilities
  • Ilorin Emirate Group Launches ₦500 Million Multi-Purpose Complex Fundraiser in Kano
  • Troops Raid Bandits Hideout, Recover Cache of Arms, Ammunition in Plateau

· In October alone, the Commission recorded over 200 arrests of suspected Internet fraud suspects in carefully coordinated operations across our offices. However the major talking point for us, was the recent arrest of celebrated social media personality and alleged internet fraudster, Ismaila Mustapha, also known as Mompha and his Lebanese accomplice, Hamza Koudeih.

· They were picked up in Abuja and Lagos respectively, through credible intelligence which flagged the suspects as kingpins of Organized Cyber Syndicate Network, OCSN.

· Five wristwatches valued at over N60million were recovered from Mompha, at the point of arrest. Investigation has also revealed that he operates 51 bank accounts in Nigeria with which he acquired properties in Dubai and had laundered about N14billion through Ismalob Global Investments Limited. His accomplice, Koudeih, also has two firms namely: THK Services Limited and CHK properties Limited with which he has allegedly laundered about N19billion.

Koudeih lives in a $5million per annum suite at the Eko Atlantic Pearl Tower, Victoria Island Lagos.

· These arrests have further confirmed our commitment to the fight against corruption and economic crime and send a clear message to high end fraudsters that they can only run but cannot hide. Sooner than later, we will get them.

· The effort to flush out all fraudsters continues. At the same time, we will sustain the tempo of vigorous prosecution of fraud cases in court. Indeed, fraudsters account for a huge percent of the 890 convictions that has been recorded by the Commission, this year. A number of assets have been seized while victims have also enjoyed restitution by order of court.
· But the battle is far from being won. The Commission requires the support of all stakeholders, especially the media, to help in sensitizing the youth who are the ones mostly involved in cyber crime, about the evil of Internet frauds on our economy and collective national image.
· The youth must learn the virtues of integrity and hard worth as the path to sustainable wealth. They must realize that crime does not pay. Rather it will destroy their prospects and ruin their chances of decent living.
· For those who are remorseful, and prepared to turn a new leaf, the Commission is fully disposed to help in channelling their energies and cyber skills to positive venture. We are considering a policy that will help in the rehabilitation of convicted but repentant Internet fraudsters, to ensure that their skills are positively applied, in helping to build a better Nigerian society.
· I urge you all to join us in fighting cyber crime and other forms of corruption. We need to change the negative narratives about Nigeria being a haven of fraudsters.
· Once again, I thank you for your presence and support.

Ibrahim Magu
Ag. Chair EFCC

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • efcc
  • Koudeih
  • Mompha
Previous articlePension: BPSR advocates regulatory policy to avert poverty after retirement
Next articleFinance Ministry trains Staff on Capacity Building
Ibrahim Magu
Ibrahim Magu
https://prnigeria.com
PRNigeria is the pioneer Press Release Distribution agency in Nigeria. A member of image Merchant Promotions limited, PRNigeria encourages individuals and organisations to be more transparent in their information management. with dedicated Editorial staffs, the PRNigeria ensures that information provided on its platforms are timely, factual and authoritative Read more at: //prnigeria.com/about/
Facebook Twitter

RELATED ARTICLESMORE FROM AUTHOR

Reno Omakri and Foreigners

Reno’s Factfinders: Genocide Spin, Coup Whispers and Foreign PR Mercenaries

CG Customs Bashir Adewale Adeniyi

A New Understanding Between Customs and Manufacturers

Gen. Christopher Gwabin Musa CDS

Coup Rumour Baseless, Malicious, Says DHQ

Minister of Defence, Mohammed Badaru Abubakar, inspecting the ongoing production of 34 aircraft in Italy

Badaru Inspects Production Progress of 34 NAF Aircraft in Italy

JUST IN: 21 Abductees Regain Freedom as Army Sustains Offensive Against Bandits in Kwara, Kogi

L-R: Partner Seismic Consultant, Dr Olusoji Adeniyi; Senior Special Assistant to the President on Entrepreneurship Development, Chalya Shagaya; Founder of Women Enterprise alliance (WenA), Her Excellency Hajia Aisha Babangida; Head Fiscal and Tax Reforms Implementation FIRS, Olufemi Olarinde; during the 5th WenA Conference in Abuja.

Aisha Babangida Seeks Actionable Gender Reforms, as Women Entrepreneurs Share ₦10m WenA Awards

The Director of Defence Media Operations, Major-General Markus Kangye,

How Troops Crippled Terrorists, Bandits, and Oil Thieves in Nationwide Operation

Bayo Onanuga

ANALYSIS: What Is the Job of a Presidential Spokesman?

Military troops

Troops Eliminate Armed Criminal in Benue, Nab Gunman at Nasarawa Market

Irabor's book on Boko Haram

Irabor’s Scars on Northern Boko Haram and the Dead Horse Theory by YAShuaib

ICPC, EFCC, CCB Partner on Commonwealth Anti-Corruption Research Initiative

ICPC), Dr Musa Adamu Aliyu, SAN

ICPC Chairman Advocates Speed, Consistency in Handling Corruption Cases

Recent Posts

  • NAF Graduates Anti-Drone Radar Experts to Boost Air Defence Capabilities
  • Ilorin Emirate Group Launches ₦500 Million Multi-Purpose Complex Fundraiser in Kano
  • Troops Raid Bandits Hideout, Recover Cache of Arms, Ammunition in Plateau
  • Troops Nab Boko Haram Logistics Suppliers, Seize Food Items in Borno
  • ECOWAS Appoints Osinbajo to Lead Election Observation Mission in Côte d’Ivoire
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
NAF Graduates Anti-Drone Radar Experts to Boost Air Defence CapabilitiesIlorin Emirate Group Launches ₦500 Million Multi-Purpose Complex Fundraiser in KanoTroops Raid Bandits Hideout, Recover Cache of Arms, Ammunition in PlateauTroops Nab Boko Haram Logistics Suppliers, Seize Food Items in BornoECOWAS Appoints Osinbajo to Lead Election Observation Mission in Côte d’IvoireTroops Foil Terrorists Attack, Recover N4.7m, Phones, Bicycles in BornoPolice Urge Protesters to Respect Court Order, Vow Tough Action Against ViolatorsNDLEA Intercepts Drug Consignments Hidden in Frozen Snails, Electrical Bulbs Bound for US, UK, CongoFG Concludes Deportation of 192 Convicted Foreign CybercriminalsPSC Reinstates Dismissed Police Officers After Reviewing Disciplinary CasesReno's Factfinders: Genocide Spin, Coup Whispers and Foreign PR MercenariesA New Understanding Between Customs and ManufacturersCoup Rumour Baseless, Malicious, Says DHQNAF Donates N23 Million to Victims of Airstrike in YobeTinubu Returns to Abuja After High-Level Counterterrorism Meeting in Rome
X whatsapp