The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office on Tuesday, July 30, 2019, conducted a raid on two locations in the city and 15 suspects were arrested, 10 suspects were arrested in Akatanpa powerline and 5 were nabbed at Kushenla area in Ibadan.
Ranging between the ages of 20 and 28 years, the suspects were allegedly hiding behind fake names and identities to perpetrate fraud, dispossessing their unsuspecting victims of their hard-earned money.
One of the yahoo boys arrested by operatives of the Economic and Financial Crimes Commission, Fisayo Falade attempted to flush his phone through a water closet. in order to deny access to potentially incriminating data about him.
Their alleged involvement in internet-related frauds was reported to the Commission by members of their neighborhood who noticed their expensive ways of life even though they are supposedly undergraduates, and without any known source of income.
Items recovered from them include two exotic cars, laptops, mobile phones and several documents containing false pretenses.
They will be charged to court upon conclusion of investigations.