The Economic and Financial Crimes Commission, EFCC, Ibadan Zonal Office, has arrested 29 men suspected to be involved in internet-related fraud.
A statement released by the Ibadan Zonal Office of the Commission discloses that the suspects were arrested at Akoto Estate, Elebu area in Ibadan during an early morning raid carried out by operatives of the Commission.
According to the statement, the team had earlier conducted a series of surveillance, working on strings of intelligence gathered on the activities of the suspected ‘Yahoo Boys’.
The preliminary investigation, which was found to be credible, led to the sting operation.
The statement reveals that some of 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.
The statement says the suspects would be charged to court as soon as investigations are concluded.