Law & Policy, Music Business

Noble Igwe Criticized for Urging EFCC to Arrest “Yahoo Boys” Who Use Record Labels as a Front for Fraudulent Activities

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“Noble Igwe, a Nigerian blogger, ignited a commotion on social media Saturday, hours after calling on the Economic and Financial Crimes Commission (EFCC) to intensify its crackdown on financial crimes culprits.

On Friday, the EFCC said its operatives raided a nightclub in Ikoyi, Lagos, and arrested about a dozen suspected Internet fraudsters, widely known locally as ‘Yahoo Boys.’

Ten vehicles were reportedly seized during the overnight raid at Club 57 along Awolowo Road, although many of the suspects fled to evade arrest, the EFCC said.

Mr Igwe welcomed the raid Friday night, but said the anti-graft office should do more to curb financial crimes in some business sectors he personally identified and marked as rife with criminality.

Record label, real estate, auto dealers, “are major 419/fraud fronts in Nigeria,” Mr Igwe said in a Twitter update at 11:20 p.m.

He urged the EFCC to “station” attendants at nightclubs in exquisite Lekki and Victoria Island neighbourhoods in Lagos.

Online and offline stores along the famous Admiralty Way in Lekki “are used for money laundering”, as well as similar stores off Fola Osibo Road, Mr Igwe said.

He also railed against “armed robbers” on Instagram for parading themselves as “G Boys’ when, in his opinion, they are actually into “a different type of stealing…”

Full story on The Premium Times.

Photo Credit: Noble Igwe Twitter Account

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