EFCC Storms Yahoo-Boys Den, Arrests Kingpin, 26 Others

Operatives of the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office, on Wednesday, December 4, 2019, busted a Lagos hotel believed to be a hideout for internet fraudsters.

Read Also: Alleged N1.4bn Fraud:  How Usoro Was Paid N700m-Witness

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.




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