The Economic and Financial Crimes Commission on Friday handed over a total of $180,300 and 53 vehicles, fraudulently taken by some Nigerians from Canadian citizens to the Royal Canadian Mounted Police.
Speaking at the signing ceremony for the return of the recovered vehicles and funds, the Executive Chairman of the Commission, Ola Olukoyede, stated that the Canadians were victims of cybercrimes.
He stressed that recovering and returning the assets reinforced the commission’s commitment to fighting financial crimes.
The EFCC Chairman said the event also emphasised the need for countries to collaborate to tackle financial and other forms of crime.
He said, “This is an occasion we are using to demonstrate our commitment to fighting financial crimes and to also collaborate with other countries and agencies around the world. It’s common knowledge that financial crimes have taken a new turn all across the globe.
“It has become a global problem. The people who perpetrate these crimes do so in a way that shows their activities are borderless and barbaric.
“They employ various means to ensure they move across jurisdictions. That’s why it has become very necessary and imperative for us to collaborate with our friends across the world.
Most countries are collaborating with us in the fight against financial crimes. What you are witnessing today is a demonstration of that reinforced commitment. The Royal Canadian Mounted Police has been collaborating with us.
This collaboration has resulted in many recoveries and the impact of joint operations.”
Olukoyede noted that although the operations spanned several years, they ultimately led to significant recoveries.
He said, “We are here today to witness the handover of assets recovered on behalf of Canadian victims of cybercrime. The operations have taken a couple of years and have resulted in a substantial recovery.”
Olukoyede stated that Nigeria should not be seen as a hub of financial and other crimes, adding that the country does not tolerate criminal activities.
He said, “It is important for us to let our colleagues and friends from the Royal Canadian Mounted Police know that as an agency, the EFCC, and as a country, Nigeria is always ready to fight financial crimes. Nigeria should not necessarily be seen as a hub of financial crimes. It is a transit town, as are Canada and most countries across the world because people move from one jurisdiction to another.
“This is also a demonstration that the Nigerian government will never tolerate any act of financial crime.”
The EFCC Chairman pledged to investigate, prosecute, and recover assets for victims of financial crimes.