The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal office, on Wednesday arrested 29 all-male suspects of internet-related fraud otherwise known as ‘Yahoo Boys’.
The suspects were arrested at Akoto Estate, Elebu area of the Oyo state capital city, during an early morning raid carried out by operatives of the Commission.
The team had earlier conducted a series of surveillance, working on strings of intelligence gathered on the activities of the suspected ‘Yahoo Boys’ in the vicinity.
It was understood that the preliminary investigation which was found to be credible, lead to the sting operation.
Among the items recovered from the suspects are eight exotic cars, many costly phones and laptops, as well as documents suspected to be used for their illicit dealings.
They will be charged to court as soon as investigations are concluded.