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80 Suspected Yahoo Boys Arrested As EFCC Raids Hotel, Strip Bar

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The Economic and Financial Crimes Commission (EFCC) has arrested a hotelier Oladimeji Olusegun Ogunfolaju and 79 others in Ikorodu, Lagos for alleged involvement in internet fraud.

According to the Commission, Ogunfolaju owns Lakers Hotel and Lake County Entertainment in Ikorodu, where The Nation learnt the suspects were arrested on Saturday, March 7, 2020, during a raid.

The commission alleged that the hotel, which houses a nightclub and a strip bar, was built in 2017 with proceeds of internet fraud.

It claimed that the hotel was “a haven for internet fraudsters and was guarded by armed security men who took to their heels on sighting the EFCC operatives.”

About 60 of the suspects have volunteered useful information, leading to further investigation, the EFCC said.

It said the items recovered from the suspects at the point of arrest included exotic cars, jewellery, mobile phones and some documents.

EFCC Lagos Zonal Head, Mr Mohammed Rabo, confirmed the arrest, adding that the suspects will soon be charged to court, he added.

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