The “Yahoo Boys” are Bright Obaro, Christopher Lawani Igbinosa, Osagie Hope Godstime, Divine Uche, and Osagie Junior.
They were arraigned on Tuesday by the Benin Zonal Command of the Economic and Financial Crimes Commission (EFCC) on separate one-count charges bordering on fraudulent impersonation, retention of proceeds of crime, intent to defraud, and possession of fraudulent documents.
The charge against Osagie Junior reads, “That you, Osagie Junior (m) sometimes between 2020 to 2022 in Benin, Edo State within the jurisdiction of this Honourable Court did take possession of the sum of N21,723,755.59 (Twenty One Million, Seven Hundred and Twenty-Three Thousand, Seven Hundred and Fifty-Five Naira, Fifty-Nine kobo) knowing that same represent proceeds of your criminal conduct to wit: cybercrime and thereby committed an offence contrary to and punishable under section 17(b) Economic and Financial Crimes Commission (Establishment) Act 2004”.
Upon arraignment the defendants pleaded guilty to their respective charges, prompting the prosecution counsel, K.Y. Bello, I. K. Agwai, Al-Amin A. Ibrahim, and Ibrahim Falsal to ask the court to convict and sentence the defendants accordingly.
However, counsel to the defendants pleaded with the court to temper justice with mercy as they were first-time offenders who had become remorseful for their actions.
Justice Ikponmwonba convicted and sentenced Obaro, Godstime, and Junior to three years imprisonment with an option of Two Hundred Thousand Naira fune, while Igbinosa bagged three years imprisonment or a fine of One Hundred Thousand Naira. Justice It Uche to two years imprisonment or a fine of Two Hundred Thousand Naira.
Justice Ikponwonba also ruled that the balance of N25,786.15 domiciled in Sterling Bank belonging to Osagie Junior and phones recovered from the defendants be forfeited to the Federal government of Nigeria. All the defendants are to undertake in writing to be of good behaviour.
In other news, Kanyi Daily reported that five luxury cars, thirty-two mobile phones two laptops, and one iPad were recovered from twenty-one suspected internet fraudsters, popularly known as “Yahoo Boys” arrested by the Economic and Financial Crimes Commission (EFCC).
The suspected “Yahoo Boys” were arrested by operatives of the Enugu Zonal Command of the EFCC, in the Emene and New Kenyata, an axis of Enugu on Monday, April 3, 2023.
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