On Friday, the Economic and Financial Crimes Commission (EFCC) successfully returned $180,300 and 53 fraudulently obtained vehicles to the Royal Canadian Mounted Police (RCMP), marking a significant milestone in international collaboration against cybercrime.
The funds and vehicles had been acquired through cyber fraud committed by certain Nigerian individuals who targeted Canadian citizens. During a formal handover ceremony, EFCC Chairman Ola Olukoyede highlighted the importance of global cooperation in combating financial crimes.
“This event underscores our commitment to fighting financial crimes and working closely with countries and agencies worldwide,” Olukoyede stated. He emphasized the evolving nature of financial crimes, noting that fraudsters often operate across borders, necessitating international partnerships to tackle the growing threat.
“Criminals no longer confine themselves to any single jurisdiction. They exploit global networks, making international cooperation essential in the fight against these crimes,” he said. Olukoyede also praised the RCMP for their close collaboration with the EFCC, which had facilitated multiple recoveries through joint operations.
In total, 53 vehicles and $180,300 were recovered from the perpetrators. One Canadian victim, Elena, had $164,000 stolen, while another victim lost $16,300. These funds, along with the vehicles, have now been returned to the RCMP to be distributed to the victims.
Olukoyede reaffirmed the EFCC’s commitment to pursuing justice for victims of cybercrime worldwide, stressing that the collaboration with Canadian authorities is a testament to the strengthened global resolve to combat financial crime.
