- About 300 people linked to Black Axe, a criminal network in West Africa, have been arrested by the international criminal police organisation
- An operation tagged Operation Jackall III led to this arrest, the seizure of some assets, and the dismantling of multiple criminal networks around the world
- Data from seized gadgets revealed large transfers to Nigerian bank accounts, cryptocurrency transactions, and sophisticated money laundering operations
The International Criminal Police Organisation (INTERPOL) has arrested more than 300 people with links to one of West Africa’s most feared criminal networks, Black Axe, and other affiliated groups.
The Black Axe is a secretive criminal network involved in trafficking, prostitution, and killing operations around the world. However, cybercrime is the group’s largest source of revenue.
According to a release by the organisation, the operation tagged “Operation Jackal III” has led to hundreds of arrests, the seizure of assets worth $3 million, and the dismantling of multiple criminal networks around the world.
Operation Jackal III, which ran from 10 April to 3 July across 21 countries on five continents, targeted online financial fraud and the West African syndicates behind it.
Over 400 additional suspects were also identified, including the blocking of more than 720 bank accounts.
INTERPOL headquarters assist countries by facilitating intelligence exchange and the identification and apprehension of suspects.
Operation Jackal III mobilised police forces, financial intelligence units, asset recovery offices, and private sector partners in Argentina, Australia, Brazil, Canada, Côte d'Ivoire, France, Germany, Indonesia, Ireland, Italy, Japan, Malaysia, the Netherlands, Nigeria, Portugal, South Africa, Spain, Sweden, Switzerland, the United Kingdom, and the United States.
President Bola Tinubu pledged in February 2024 to increase support for the Economic and Financial Crimes Commission to increase its capacity to tackle digital offences.
Director of INTERPOL’s Financial Crime and Anti-Corruption Centre (IFCACC) Isaac Oginni said, “The volume of financial fraud stemming from West Africa is alarming and increasing. This operation’s results underscore the critical need for international law enforcement collaboration to combat these extensive criminal networks.
“By identifying suspects, recovering illicit funds, and putting some of West Africa’s most dangerous organized crime leaders behind bars, we are able to weaken their influence and reduce their capacity to harm communities around the world.”
A senior official at Interpol’s Financial Crime and Anti-Corruption Centre, Tomonobu Kaya, stressed the significance of financial technology and cryptocurrency in aiding the operations of cybercrime syndicates, which are renowned for multi-million dollar online scams.
He said, “They are very organised and very structured. These criminal syndicates are early adopters of new technologies... A lot of fintech developments make it easy to illegally move money around the world.”
In Argentina, Operation Jackal III saw the dismantling of a Nigerian-led transnational criminal network following a five-year investigation. The Federal Police seized USD 1.2 million in supernotes—high-quality counterfeit banknotes– arrested 72 suspects and froze approximately 100 bank accounts. The network used money mules to open bank accounts worldwide and is now under investigation in over 40 countries for related money laundering activities. The suspects include citizens from Argentina, Colombia, Nigeria, and Venezuela.
More than 160 fraud victims suffered significant financial losses, with some forced to sell their homes or take out large loans as a result.
Diego Verdun, Head of Argentina’s National Central Bureau, remarked that:
“Operation Jackal is a crucial step forward in combating West African online financial fraud and clearly demonstrates that cybercriminals cannot escape the watchful eye of INTERPOL’s 196 member countries, especially in Argentina.
“By following illegal money trails worldwide, INTERPOL and the global police community ensure that no matter where these criminals try to hide, they will be relentlessly pursued and brought to justice.”
In a separate case in Switzerland, it cracked down on West African organised crime syndicates operating nationwide, seizing cocaine, approximately EUR 45,000 in cash, and arresting multiple suspects.
Portuguese criminal police dismantled a Nigerian network involved in money mule recruitment, laundering funds from online financial fraud victims across Europe. More than 25 syndicate members were identified in the process. Data from seized computers and phones revealed large transfers to Nigerian bank accounts, cryptocurrency transactions, and sophisticated money laundering operations.
"Angry yahoo boys retaliated”: EFCC's X account disappears, sparks speculations
Earlier, TheRadar reported that the presence of the Economic and Financial Crimes Commission (EFCC) on X was the subject of discussions on social media after the agency’s page could not be located on the microblogging platform. Netizens speculated various reasons for the account's disappearance, including possible threats from fraudsters, sanctions by X for infractions, or a decision by the account managers to deactivate it.
However, the EFCC’s chief spokesman, Dele Oyewale, said the EFCC's X account inactivity was due to a network problem.