The Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Wednesday arrested 29 men suspected to be involved in internet-related fraud.
The suspects were arrested at Akoto Estate, Elebu area in Ibadan during an early morning raid carried out by operatives of the Commission.
The EFCC team had reportedly conducted series of surveillance, working on strings of intelligence gathered on the activities of the suspected ‘Yahoo Boys’.
According to EFCC, the preliminary investigation was found to be credible, leading to the sting operation.
Among the items recovered from the suspects are eight exotic cars, costly phones and laptops, as well as documents suspected to be used for their illicit dealings.
The Commission says the suspects will be charged to court as soon as investigations are concluded