• Latest
  • Trending

EFCC Nabs 22-Year-Old with N5 Billion,Uncovers Deepening Money Laundering Network and Ritual Killings

May 27, 2025

Afenifere appoints Olu Falae as chair

May 27, 2025

Tinubu arrives in Lagos for ECOWAS 50th anniversary

May 27, 2025

Saudi Billionaire Eyes Southampton Takeover Amid Fan Divide

May 27, 2025

Salmonella Scare: Five Hospitalised, 20 ill Across UK in Latest Outbreak

May 27, 2025

Seun Kuti Ignites Debate: US Funding Fuels EFCC’s ‘Yahoo Boy’ Crackdown, Alleges Musician

May 27, 2025

Dawn Assault on New Marte Foiled: Troops Decimate Insurgents, Two Soldiers Pay Ultimate Sacrifice

May 27, 2025

Landmark Conviction:Ex-PDP Chairman’s Son, Mamman Nasir Ali, Jailed 14 Years in N2.2 Billion Fuel Subsidy Fraud

May 27, 2025

Tinubu seeks NASS approval for $21.5bn loan, ₦758bn pension bond

May 27, 2025

‘Now we know Wike has boss’, Dele Momodu hails Tinubu for stopping Abuja property sealing

May 27, 2025

Police summon officers after viral ₦5,000 extortion video

May 27, 2025

Saudi Arabia to End 73-Year Alcohol Ban in Tourism Push by 2026

May 27, 2025

Kwara Police Arrest Five Suspects as Omu-Aran Unrest Escalates

May 27, 2025

President Tinubu Pledges Bullying-Free Future for Nigerian Children on National Children’s Day

May 27, 2025

Tinubu Breaks 54-Year Jinx, Greenlights South East Development Commission’s Bold Vision

May 27, 2025

Mob Violence Claims Life of Senior Police Officer in Kano

May 27, 2025

Breaking News: Tinubu Intervenes in FCT Ground Rent Crisis, Grants 14-Day Grace to Defaulters

May 27, 2025

Tinubu Backs Ukachukwu, Ekwunife to Reclaim Anambra for APC

May 27, 2025

EFCC Raids Lokoja, Nabs 49 Suspected Internet Fraudsters, Recovers Loaded Pistol

May 26, 2025

Tinubu Heads to Lagos for ECOWAS Golden Jubilee, Mega Project Commissioning

May 26, 2025

BREAKING: Explosion Rocks Abuja barracks causes panic, one injured

May 26, 2025

N8.5 Billion Bank Fraud:EFCC Arraigns Three Bankers,Four others in Lagos

May 26, 2025

FIRS demands apology from FCTA over Abuja office sealing

May 26, 2025

Adeleke Pledges Infrastructure Boom,Urges Diaspora Unity

May 26, 2025

Northern-Southern Alliance to Unseat Tinubu in 2027? Senator Abbo Claims “Anti-North” Stance Fuels Coalition Plot

May 26, 2025

BREAKING: FCTA staff seal PDP national headquarters

May 26, 2025

NAFDAC flags VDM for inciting Onitsha traders over drug raidsVeryDarkMan

May 26, 2025

Presidential Pushback: Macron-Brigitte Plane Squabble Shocks Onlookers Ahead of Asia Tour

May 26, 2025

PDP Crisis: I’ll fight on, Wike declares

May 26, 2025

EFCC Cracks N1.3 Trillion CBEX Crypto Fraud, Recovers Funds and Makes Arrests

May 26, 2025

A Titan Bows Out! ValidViewNetwork Hails Dr. Abiodun Amusan as He Retires in Glory at 65

May 26, 2025
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education
    • Sports
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
ADVERTISEMENT
  • Home
  • BREAKING NEWS
  • Tech

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    East Africa faces Internet disruptions due to cable faults

    Data consumption in Nigeria surged to 721,522 terabytes in January 2024 – NCC

    Nigerian Technology Ignited Investment Conference & Exhibition Sparks Strategic Partnerships for Economic Growth

    WhatsApp announces new feature on the Messaging App

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Afenifere appoints Olu Falae as chair

    ValidViewNetwork Celebrates the Golden Boy, James Makinde @ 50

    Sports Festival: Tinubu declares event open as Asa, Davido Thrills Crowds at Opening Ceremony

    Actress Jumoke George’s missing daughter, Adeola, found in Mali

    Why I’ve been living in a church for six years despite ill-health, missing daughter — Actress Jumoke George

    Trump imposes 100% tariffs on foreign-made films

  • Lifestyle
    • All
    • Health

    NAFDAC flags VDM for inciting Onitsha traders over drug raidsVeryDarkMan

    Childbirth: Ban religious centres from taking deliveries, gynaecologists tell govt

    Niger gov makes a u-turn on dreadlocks ban following public outcry

    Rivers, Benue, A’Ibom top Nigeria’s 2m HIV patients

    From School Father To Now His Personal Assistant

    The Bold Fight Against Cervical Cancer by Phlox Health Wash Foundation, Partners: A Review

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
  • Home
  • BREAKING NEWS
  • Tech

    CBN awards OPay for financial inclusion innovation

    Why Motorcycle Prices Are Soaring in 2024

    East Africa faces Internet disruptions due to cable faults

    Data consumption in Nigeria surged to 721,522 terabytes in January 2024 – NCC

    Nigerian Technology Ignited Investment Conference & Exhibition Sparks Strategic Partnerships for Economic Growth

    WhatsApp announces new feature on the Messaging App

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
  • Entertainment
    • All
    • CELEBRATIONS
    • Gaming
    • History and Culture
    • Movie
    • Music
    • Sports

    Afenifere appoints Olu Falae as chair

    ValidViewNetwork Celebrates the Golden Boy, James Makinde @ 50

    Sports Festival: Tinubu declares event open as Asa, Davido Thrills Crowds at Opening Ceremony

    Actress Jumoke George’s missing daughter, Adeola, found in Mali

    Why I’ve been living in a church for six years despite ill-health, missing daughter — Actress Jumoke George

    Trump imposes 100% tariffs on foreign-made films

  • Lifestyle
    • All
    • Health

    NAFDAC flags VDM for inciting Onitsha traders over drug raidsVeryDarkMan

    Childbirth: Ban religious centres from taking deliveries, gynaecologists tell govt

    Niger gov makes a u-turn on dreadlocks ban following public outcry

    Rivers, Benue, A’Ibom top Nigeria’s 2m HIV patients

    From School Father To Now His Personal Assistant

    The Bold Fight Against Cervical Cancer by Phlox Health Wash Foundation, Partners: A Review

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Education
    • Sports
No Result
View All Result
ValidView Network - Breaking News, Nigerian News, Nigerian newspapers, Entertainment, Videos, Sports, Business and Politics.
No Result
View All Result

EFCC Nabs 22-Year-Old with N5 Billion,Uncovers Deepening Money Laundering Network and Ritual Killings

ValidViewNetwork by ValidViewNetwork
May 27, 2025
in Uncategorized
0 0
0
Home Uncategorized
ADVERTISEMENT
0
SHARES
137
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT
Spread the love

ABUJA – In a shocking revelation that underscores the escalating sophistication of financial crimes in Nigeria, the Economic and Financial Crimes Commission (EFCC) has announced the arrest of a 22-year-old man found with over N5 billion in his bank account. This significant bust, disclosed by EFCC Chairman Ola Olukoyede in a recent interview with TVC, has peeled back layers of a complex money laundering syndicate involving politically exposed individuals and even hints at grim ties to ritualistic practices.

Olukoyede detailed how this young man, who has no legitimate source of income, was allegedly being used as a front for corrupt officials to launder vast sums of illicit wealth. “A 22-year-old teenager was apprehended, and more than N5 billion was retrieved from his bank account,” Olukoyede stated, expressing dismay at the sheer volume of funds. “This is a young man who has never worked and has no means of support, yet he possesses more than 5 billion naira.”

The EFCC chairman revealed that the suspect’s background checks confirmed his involvement in money laundering operations on behalf of crooked officials. This discovery challenges the common perception that young Nigerians involved in cybercrime are merely “Yahoo boys” engaged in petty online scams. According to Olukoyede, these individuals are now being actively recruited by more powerful figures who “book them into hotels and create accounts on their behalf.” The ill-gotten gains are then “divided among them,” converted to dollars, and transferred overseas.

ADVERTISEMENT

“Nigerians ought to stop seeing it as barely Yahoo,” Olukoyede cautioned. “Sure, but there’s a lot more to it than that. This is a huge emergency. They use them to embezzle funds from the government.” He urged the public to move beyond the stereotypical image of internet fraudsters, often associated with specific appearances, as the reality is far more sinister and organized.

ADVERTISEMENT

Furthermore, Olukoyede unveiled disturbing evidence of a chilling connection between cybercrime and ritual killings. He spoke of physical exhibits recovered during investigations, including a “black pot with human hair” found under one suspect’s bed. Forensic analysis, he confirmed, verified the hair to be human. “The Nigerians pretend ignorance about the ritual killings that these people engage in, and the young females that they exploit,” he lamented.

Advertisement. Scroll to continue reading.
ADVERTISEMENT

The EFCC chairman drew a stark comparison, asking if the public would react with similar indifference if such a huge sum were found in a minister’s or director’s account. “Would you not weep if we found that in a minister’s or director’s bank account? I thought you were going to yell out that this was excessive. However, his own account showed it to us. At the same time, he cleaned it up for politicians,” he emphasized, highlighting the audacity and scale of the young man’s alleged illicit financial activities.

The arrested suspect is currently in EFCC custody, undergoing further investigation. This development serves as a stark reminder of the evolving nature of financial crimes and the urgent need for a comprehensive approach to combat money laundering and its increasingly disturbing ramifications. The EFCC has reiterated its commitment to pursuing all those involved, irrespective of their political connections or social standing.

Previous Post

EFCC Raids Lokoja, Nabs 49 Suspected Internet Fraudsters, Recovers Loaded Pistol

Next Post

Tinubu Backs Ukachukwu, Ekwunife to Reclaim Anambra for APC

ValidViewNetwork

ValidViewNetwork

Next Post

Tinubu Backs Ukachukwu, Ekwunife to Reclaim Anambra for APC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get the latest news from ValidViewNetwork
Loading

SPONSORED ADVERT

SPONSORED ADVERT

SPONSORED ADVERT

  • Home
  • BREAKING NEWS
  • Tech
  • Entertainment
  • Lifestyle
  • Education

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

No Result
View All Result

© 2022 ValidViewNetwork - Website Developed by HaybeeMultimedia.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist