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Posted By Admin On July 3rd, 2026

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has narrated how suspected internet fraudsters, popularly known as Yahoo Boys, allegedly stole over N7.2 million from a serving judge’s bank account in the middle of the night.

Olukoyede said the money represented six years of savings the judge had kept aside to fund her child’s education.

According to Vanguard on Friday, the anti-graft agency boss said this at the public presentation of two books written by retired High Court judge, Justice Alaba Omolaye-Ajileye.

The EFCC chairman said the judge contacted him around 1 a.m. after receiving multiple debit alerts.

He said, “She had just been scammed of the money she had been putting together for six years to send her child to school. She said it was alerts that woke her up. She received debits at that time of the day. Before she knew it, she had been scammed of about N7.2 million.”

Olukoyede disclosed that the judge immediately appealed to the commission to intervene and recover the stolen funds.

He added that the incident occurred in a state where the EFCC had previously faced legal restrictions in investigating certain financial crimes.

“Incidentally, it was the state where they got an order against the EFCC from investigating certain crimes. She said, ‘My lord, I have an order, an injunction not to investigate financial crimes in that state.’

“She said, ‘No, no, no! This is an exception. You must do something immediately!’” he recounted.

According to him, the commission successfully recovered the entire sum before the end of the same day.

“Before 6 p.m., we recovered the entire money for her. I am very sure that if an application comes before her to stop the EFCC from carrying out its mandate, she will dismiss it because she has become a victim.

“So, it is important for us to understand the depth of this problem,”he said.

Olukoyede stressed that tackling cybercrime requires collective action involving security agencies, the judiciary and ordinary Nigerians.

“Not until we, as Nigerians, come together and agree to face this challenge, law enforcement agencies playing their role, citizens doing their part, and the judiciary too doing its part, it is only then that we will be able to put this problem behind us. We can do it. Nigeria can do it, and we will do it and succeed,” he said.

The EFCC chairman also highlighted the growing role of artificial intelligence in criminal investigations, calling for legal reforms to address emerging technological challenges.

“Now we have already started deploying the tools of AI in the investigation of crime. But what I am cracking my brain about is how to generate evidence and make it admissible?

“This is because now we talk of a robot. Is a robot a human being? Being an electronic device doing the work of a human being, robots can now think for you. Robots can do anything human beings can do.

“So we are looking at that area. I wish our legislators and professors of law will take time and come together to look at this area and come up with laws that will help us in the area of AI,”he said.

Also speaking at the event, former Attorney-General of the Federation and Minister of Justice, Chief Kanu Agabi (SAN), urged the EFCC and other anti-graft agencies to intensify efforts to recover public funds allegedly looted and hidden abroad.

Source: https://punchng.com/how-yahoo-boys-stole-judges-n7-2m-childs-school-fees-overnight-efcc-chair/