Two brothers have been arrested by the EFCC for using the commission’s name to extort yahoo boys.
The Economic and Financial Crimes Commission (EFCC), Ibadan zonal office, has arrested two brothers for extorting internet fraudsters with promises to shield them from possible arrest by the Commission.
The siblings – Olatunji Joe Beyioku (35) and Oluwayomi Beyioku (37) – were arrested in Abeokuta, Ogun State, on Friday, November 15, 2019, during a sting operation.
According to a statement by the Head, media and Publicity, EFCC, Mr Wilson Uwujaren, the “operatives had embarked on discreet investigations into the activities of the suspects when it was discovered that they are in the habit of extorting ‘Yahoo Boys’ to help them evade arrest by the EFCC.”
The statement noted that the brothers “claim to be spy police officers with the rank of Deputy Superintendent of Police (DSP), and have ‘assisted’ the Commission with information on the whereabouts of internet fraudsters within the town, but it was discovered that they only expose those who failed to meet their demand, while others willing and ready to play ball are shielded.”
The commission also discovered that they have made “several million of naira sabotaging the Commission’s efforts and live large therefrom.”
Uwujaren said, “a search conducted on the younger brother’s palatial residence along Lagos-Abeokuta Expressway suggested that they may be living far above their means.”
Items found in the multi-million naira building also “raised suspicion of the brothers’ possible involvement in other forms of criminal activities.”
Items recovered from them include two cars, Honda Accord Crosstour and a Mercedes Benz GLK, different brands of mobile phones and charms.