In a statement on Monday, spokesman of the commission, Mr Wilson Uwujaren, identified the duo as Chukwudi Ugwueke a.k.a James Scott and Sophia Ugwueke.

That Nigeria loses a lot of money through internet fraud is not news but the figure of over N127 billion as annual loss given by the Minister of Communications is staggering.

Before the technological innovation that brought about the Internet, the financial fraudsters popularly known as 419-ners were in operation in Nigeria especially in the commercial city of Lagos. They were mainly grown-up, educated and illiterate men and women, who specialised in using fax machines to defraud unsuspected foreigners and Nigerians. In the early 90’s, they…

The Economic and Financial Crimes Commission (EFCC) has arrested two persons for internet fraud in Ibadan.