EFCC invades Yahoo-Boys den, arrests kingpin, 26 others

Officials of Nigeria’s Economic and Financial Crimes Commission (EFCC), Ibadan zonal office, on Wednesday invaded a Lagos hotel believed to be a hideout for internet fraudsters.

The operatives said their 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 harbors an army of young men recruited to carry out financial frauds through the use of the internet.

Some others were also arrested at his Beckley Estate residence, also in Lagos State.

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

The suspected kingpin and 26 other young men ranging between the ages of 18 and 35 years were arrested at the scene.

Some others were also arrested at his Beckley Estate residence, also in Lagos.

They were brought to the Commission’s Ibadan zonal office for further interrogation. Officers of the anti-graft agency also recovered three vehicles, fetish items, laptops, mobile phones and documents suspected to contain fraudulent data from the suspect.

The indicted will be charged to court as soon as investigations are concluded.