The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering. They are known to have gone after politicians and other popular citizens of the country who have in one way or the other engaged in money laundering.
Recently, the Economic and Financial Crimes Commission (EFCC) stepped up its anti-money laundering efforts with an all round surveillance on banks transactions. EFCC Chairman Farida Waziri even disclosed in a newspaper that commercial banks in the country were helping in the fight against economic crimes as they now remit financial returns to the commission. This is a clear indication that the body is out to track yahoo boys and other fraudsters and end their jobs.
EFCC never forgives. Think of this, they are also going after governors who served between 1999 and 2007. They are unforgiven like I said. Instead of going into criminal activities with the hope that no one will find you just know that efcc are there.
Now, wonder how EFCC track someone? or even how they intelligently capture yahoo boys and their organized crime, such as money laundering and terrorism-financing. Keep reading to learn all of the ways EFCC catch yahoo boys.
- Mobile Tracking app
- Whistle Blower
- Partnering with Telecommunication
- Partnering with Financial Institution.