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

By Dele Ogunyemi, Ibadan

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.

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.

Some others 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 others also arrested at his Beckley Estate residence, also in Lagos, were all brought to the Commission’s Ibadan zonal office for further interrogation.

Officers of the anti-graft agency recovered from the suspects three vehicles, fetish items, laptops, mobile phones and documents suspected to contain fraudulent data.

The indicted, according to EFCC sources will be charged to court as soon as investigations are concluded.

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