Man arrested after obtaining N38m from ‘Yahoo boys’ to stop EFCC arrest

The Economic and Financial Crimes Commission (EFCC) has arrested named Ladeji Kelvin Babatunde for allegedly collected over N38 million from Yahoo Boys to stop commission arrest.

He was nabbed after allegedly obtaining over N38,000,000 from suspected internet fraudsters, popularly known as Yahoo boys.

Babatunde had boasted that he would prevent their arrest by the commission.

An EFCC statement on Facebook said the defendant posed as an operative to perpetrate the act.

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“A four-bedroom uncompleted apartment located at Ikola Road, Alagbado, Lagos, which was developed with the proceeds of the fraud, was recovered from him”, it reads.

Babatunde will be charged to court after the completion of the investigation.

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