The EFCC clarifies its bid of N1 million to ‘Yahoo Boys’ informants.

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The Economic and Financial Crimes Commission (EFCC) has denied that it offered a monetary payout to those who provided information leading to the arrest of internet fraudsters known as Yahoo Boys.

The agency explained that the “clarification became necessary following phone calls by citizens wanting to cash in on notices in the social media by fraudsters promising a reward of One Million Naira (N1,000,000) for friends, family, and relatives of Yahoo Boys who hand them over to the EFCC.”

The EFCC, in a statement by the Head, Media and Publicity, Wilson Uwujaren, said: “Promoters of the hashtags are currently under surveillance and every effort will be made to bring them to justice.

“While the Commission welcomes information that could lead to the arrest of cybercrime suspects, it has no policy of financial reward for such informants.

“The fight against corruption and other forms of economic crime is a patriotic duty and Nigerians are encouraged to embrace it with altruism.

“The whistleblower policy of the Federal Government which the Commission is among the agencies saddled with its implementation is applicable only to public sector corruption.

“The public is warned that the Commission will not be responsible for anyone who falls for this obvious scam.”


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