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EFCC Arrests Graduate For Tax Fraud

The Economic and Financial Crimes Commission (EFCC) has arrested a suspected internet fraudster, Ake Oluseun, for tax fraud, otherwise known as “Ijoba” in local parlance … Continue reading EFCC Arrests Graduate For Tax Fraud


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The Economic and Financial Crimes Commission (EFCC) has arrested a suspected internet fraudster, Ake Oluseun, for tax fraud, otherwise known as “Ijoba” in local parlance

The 30-year-old suspect, a graduate of Computer and Information Science, was arrested by operatives of the EFCC zonal office in Lagos, following intelligence report.

According to a statement issued on Thursday by the Commission’s spokesman, Wilson Uwujaren, the suspect owns Canbit Music, Canbit Resources (Nig.) Limited, Istartup Enterprise and Volta Company.

The anti-graft agency said sometime in January this year, Oluseun allegedly sent an email to an employee of an American company requesting for the W-2s of the staff.

Part of the statement read: “The W-2 form shows the reports of an employee’s annual wages and the amount of taxes withheld from his or her paycheque, which an employer sends to his or her employees and the Internal Revenue Services, IRS.

“The suspect, who impersonated the Chief Executive Officer, CEO, of the American company, was alleged to have received 790 (Seven Hundred and Ninety) W-2s from the staff, which he sold to some anonymous buyers in the ‘dark world’.

“The ‘dark world’ is an illegal method of cash remittance across countries and does not involve physical movement of cash. Oluseun, who is also being investigated for Business E-mail Compromise (BEC), was allegedly paid with e-currency such as bitcoins and perfect money.”

Also, the suspect was alleged to have printed some American bank cheques, which he presented as evidence of payment to his victims online.

Items recovered from the suspect include American cheques, three external hard drives, mobile phones, and two laptops among others.

“Investigation revealed that Ijoba is a new type of phishing, which attempts to lure human resources, accounting and payroll staff of a company to disclose the W-2s of all the employees in the company,” the statement added.

The anti-graft agency said the suspect would be charged to court as soon as it concludes its investigation.