EFCC arrests 127 fraudsters at Ondo ‘yahoo party’

The Economic and Financial Crimes Commission has arrested 127 suspected internet fraudsters during a “Yahoo Party” in Akure, Ondo State.

The suspects were apprehended in an early morning raid on Saturday, June 8, 2024, at simultaneous parties held at Signature and Abah Clubs in the state capital.

According to an EFCC Statement on Saturday, credible intelligence indicated the party was initially scheduled for Wednesday, June 5, but was postponed to Saturday in an attempt to evade the commission’s security and intelligence networks.

“Operatives of the Ibadan Zonal Directorate of the EFCC arrested One Hundred and Twenty-Seven (127) suspected internet fraudsters in Ondo State. The alleged internet fraudsters were arrested in an early morning sting operation at a ‘Yahoo Party’ held simultaneously at Signature and Abah Clubs on Saturday, June 8, 2024, in Akure,” the statement said.

The statement further revealed that the suspects have provided useful information to investigators, and various items were recovered from them, including ten exotic cars, phones, laptops, a motorcycle, wristwatches, and many incriminating documents.

“Items recovered from them include ten exotic cars, phones, laptops, motor-cycle, wristwatches and many incriminating documents,” the statement added.

The EFCC assured that the suspects would be charged to court as soon as investigations are concluded.

The raid is part of the commission’s ongoing efforts to clamp down on internet fraud, commonly known as “Yahoo Yahoo,” which has become a growing concern in the country.