Last Updated on September 6, 2020 by SCARS Editorial Team

Nigerian EFCCEFCC Economic and Financial Crimes Commission The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud), scams, and money laundering. The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF), which named Nigeria as one of 23 countries non-cooperative in the international community's efforts to fight money laundering. The agency has its head office in Abuja, Nigeria. Partners With The FBIFBI FBI - Federal Bureau of Investigation The Federal Bureau of Investigation (FBI) is the domestic intelligence and security service of the United States and its principal federal law enforcement agency. Operating under the jurisdiction of the United States Department of Justice, the FBI is also a member of the U.S. Intelligence Community and reports to both the Attorney General and the Director of National Intelligence. A leading U.S. counter-terrorism, counterintelligence, and criminal investigative organization, the FBI has jurisdiction over violations of more than 200 categories of federal crimes, including financial fraud. To Fight Yahoo Boys

Sources ins Nigeria are confirming that the acting chairman of Economic and Financial Crimes Commission (EFCC), Ibrahim Magu, has said that the trends in global security revealed that cyber crimes are the latest form of terrorism and corruption affecting all nations in the 21st century.

Magu, who spoke through the commission’s director of operations, Mohammed Abbah, said the anti-graft agency in partnership with international agencies would leave no stone unturned in tackling menace as it posed a big threat to the global world.

Trends in global security denote that cybercrimesCybercrimes Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. are the latest form of terrorism and corruption and this is a growing concern affecting all nations in the 21st century.

“Petitions evolving from cyber crimes have been on the increase on the EFCC website. These scamsScams A Scam is a confidence trick - a crime -  is an attempt to defraud a person or group after first gaining their trust through deception. Scams or confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, irresponsibility, or greed and exploiting that. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ... intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men' - criminals) at the expense of their victims (the 'marks')". A scam is a crime even if no money was lost. are being duly investigated by the Cyber Crimes Unit with a view to bringing culprits to justice.”

The anti-graft chief stressed the need for more international partners to tackle cyber crimes.

He appreciated the FBI for its “invaluable” support to the commission and called for sustained partnership.

In his remark, Piro who was excited to visit Africa for the first time said the visit to Nigeria was borne out of the outstanding performance of the EFCC.

“The main purpose of my visit is to acknowledge the exemplary role EFCC has played and to thank you for the continuous partnership that has resulted in mutually beneficial rewards in the fight against corruption.”

“The professionalism your team at EFCC has displayed is commendable; the impact of this is seen in the fortnightly briefs by the International Operations Division of the FBI which closely monitor the operations of the EFCC,” Piro said.

He acknowledged the trend of cybercrimeCybercrime Cybercrime is a crime related to technology, computers, and the Internet. Typical cybercrime are performed by a computer against a computer, or by a hacker using software to attack computers or networks. as “truly a global trend” adding that steps are being taken to address it.

His words: “We hope to eradicate cybercrime despite the challenges by getting the right (qualified and talented) work force and station them in United States of America as well as Nigeria.”

Piro, an assistant director, International Operations Division (IOD), was accompanied on the visit by Jay Bernardo, his special assistant, and Paula Parkinson, legal Attaché, Abuja.