EFCC storms Yahoo Boys den, arrests Kingpin, 26 others

Operatives of the Economic and Financial Crimes Commission, EFCC, stormed a Lagos hotel suspected to be a den for yahoo boys.

Their main target at the hotel 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, The Nation reports.

EFCC storms Yahoo Boys den, arrests Kingpin, 26 others

According to findings, Balogun harbours an army of young men recruited to carry out financial frauds through the use of the internet. Some other were also arrested at his Beckley Estate residence, also in Lagos State.

The raid on his hotel, Modzak Hotel, 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.

The suspected kingpin and 26 other young men ranging between the ages of 18 and 35 years were arrested at the scene. Some other were also arrested at his Beckley Estate residence, also in Lagos State. They were all 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.

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

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