In keeping with The Economic and Financial Crimes Commission EFCC, Lekki, the fast-developing higher middle-class space of Lagos Metropolis, has turn out to be the brand new hub for cybercrime.
A press release launched by the company says information from the investigation actions of the Lagos Command of the Economic and Financial Crimes Commission, EFCC, for the second quarter of 2021, signifies that Lekki District is the popular location for all method of cyber fraud syndicates.
Between April and June, 2021, the Advance Price Fraud and Cyber Crime Sections of the Command recorded a complete of 402 internet-related fraud arrests. Whereas the Advance Price Fraud Part was answerable for 243 arrests, the Cyber Crime Part executed 18 sting operations which resulted in 159 arrests, from which 13 convictions have to this point been recorded.
Of the 159 suspects arrested by the Cyber Crime Part, 70 are from Lekki, comprising communities corresponding to Ajah, Badore, Victoria Garden City, Sangotedo and Oniru.
Ajah accounted for twenty-four suspects, whereas Oniru and Sangotedo had 14 and 13 suspects respectively. Badore had 8 suspects. Neighbouring Ikoyi and Eko Atlantic had 2 and one suspect every. Ikorodu and Alagbado on the Lagos Mainland make up the rest.
In keeping with the company, the suspects are mostly millennials, with 82 of them aged between 25-34 years, which ”speaks to the truth that many of the people arrested are both nonetheless in class, latest graduates or college dropouts”.
”Evaluation of the information from the Cyber Crime Part additional reveals that the dominant type of web crime is Relationship Rip-off/On-line Relationship Rip-off/Romance Rip-off. Sixty 4 p.c (64%) of people arrested are concerned in romance rip-off, adopted intently by “Center Man Rip-off” and “Choosing” which account for 8% and seven% respectively of these arrested.
The 64% concerned within the courting rip-off benefitted to the tune of N8, 310,000; $349,290 USD; £ 900; €10 and Cryptocurrency 0.17513.
Different typologies of fraud recognized embrace forgery, possession of fraudulent paperwork, spamming, bank card fraud, impersonation, rental rip-off, mortgage fraud, Enterprise E mail Compromise, Hacking, stealing, cheque rip-off, phishing, and cash laundering.
The info additionally reveals reward playing cards, at 39%, because the prevalent methodology employed by the suspects to entry their illicit funds. It’s adopted by financial institution transfers at 27% and Cryptocurrency at 21%” the assertion additional learn
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