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Home News Metro EFCC storms Yahoo-Boys’ hideout, arrests kingpin, 26 others

EFCC storms Yahoo-Boys’ hideout, arrests kingpin, 26 others

Operatives of the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Wednesday raided a Lagos hotel believed to be a hideout for internet fraudsters and arrested suspected internet fraud kingpin and 26 others.

The target was one Rasaq Balogun, a suspected internet fraud kingpin, whose illicit activities dominated intelligence gathered from the recently arrested ‘police spies’ during a raid on their Abeokuta base.

According to findings, Balogun harbours an army of young men recruited to carry out financial frauds through the use of the internet.

The suspected kingpin with his vehicles

Other suspected fraudsters were equally arrested at his Beckley Estate residence, also in Lagos State.

The raid on his hotel, Modzak Hotel located at Abule-Egba, Lagos State, sufficiently gave credence to the suspicion as a retinue of young men were caught haboured in his hotel with no specific mission.

Recovered charm

The suspected kingpin and 26 other young men ranging between the ages of 18 and 35 years arrested were brought to the Commission’s Ibadan zonal office for further interrogation.

Officer of the anti-graft agency also recovered three vehicles, fetish item, laptops, mobile phones and documents suspected to contain fraudulent data from the suspect.

Those indicted, the EFCC, said, would be charged to court as soon as investigations were concluded.

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