On Friday, September 6, the Economic and Financial Crimes Commission (EFCC) formalized the restitution of assets recovered from cybercrimes, marking a significant milestone in international cooperation against financial crime. The ceremony, held at the EFCC headquarters, underscored the commission’s commitment to combating financial crimes and showcased the effectiveness of global collaboration.
EFCC’s Commitment to International Cooperation
The Executive Chairman of the EFCC, Ola Olukoyede, highlighted the critical role of international partnerships in addressing financial crimes. Speaking at the event, Olukoyede noted that cybercrimes have become a global issue, with perpetrators operating across borders. He emphasized that the collaboration with international agencies, such as the Royal Canadian Mounted Police, is crucial for tackling these complex crimes.
“This is an occasion to demonstrate our commitment to fighting financial crimes and collaborating with other countries and agencies around the world,” Olukoyede stated. He acknowledged the efforts of the Royal Canadian Mounted Police and praised the successful joint operations that have led to significant asset recoveries.
Significant Recoveries and Ongoing Efforts
Olukoyede revealed that the operation, which spanned several years, resulted in substantial recoveries, including 53 vehicles and significant financial assets. The recovered funds include $164,000 taken from Bogomas Elena and $16,300 from Sandra Butler. These assets will be returned to the Canadian authorities for restitution to the victims.
“The operations have taken a couple of years and have resulted in a substantial recovery,” Olukoyede noted. He emphasized that Nigeria is not a hub for financial crimes but rather a transit point, highlighting the country’s dedication to fighting financial crimes and ensuring justice.
Background on the Recovery Process
Micheal Wetkas, Zonal Director of the Lagos Directorate, provided context for the recovery process. He explained that the EFCC was contacted by Canadian police in 2012 regarding stolen vehicles. The operation, known as Operation Hot Wheels, involved tracing vehicle registration numbers and led to the recovery of 53 vehicles. Additionally, the case involving Bogomas Elena, a victim of a romance scam, resulted in the tracing and confiscation of assets used by the fraudster.
“This collaboration with Canadian police officers led to the successful recovery of the vehicles and financial assets,” Wetkas said. He also mentioned that the fraudster involved in Bogomas’ case has been convicted, while another suspect remains on trial.
Canadian Appreciation and Future Collaboration
Robert Aboumitri, Premier Secretary and Deputy High Commissioner of Canada, commended the EFCC for its professionalism and commitment. He praised the collaboration and expressed a desire to elevate the partnership to a higher level.
“This is a testament to your professionalism and commitment to combating crime,” Aboumitri said. “You are one of the key partners in West Africa in the fight against crime. We highly value this partnership and look forward to further strengthening our collaboration.”
The ceremony highlighted the importance of continued international cooperation in the fight against financial crimes and underscored Nigeria’s role in global efforts to address these issues effectively.
