30-year-old man who used money made from internet fraud to build hotel, 79 other Yahoo Boys arrested
A 30-year-old man, Oladimeji Olusegun Ogunfolaju, who owns Lakers Hotel and Lake County Entertainment in Lagos State, has been arrested along with 79 others for allegedly involving in internet fraud by the Economic and Financial Crimes Commission (EFCC).
The hotel, said to be a haven where many internet frauds were being perpetrated, is being guarded by armed security men from three security agencies, including the Nigerian Army, the Nigeria Police and the Nigerian Navy.
According to a statement by the anti-graft agency on Monday, March 9, the suspects were arrested during an operation on the hotel located at 29, Ebute-Igbogbo Road, Ikorodu, Lagos State on Saturday, March 7, following an intensive surveillance and intelligence gathering by the commission about their alleged criminal activities.
In his statement, Ogunfolaju stated that he built the hotel, which houses a night club and a strip bar, from the proceeds of internet fraud in 2017.
About 60 of the suspects have volunteered useful information, leading to further investigation, the statement added.
Some of the items recovered from the suspects at the point of arrest included exotic cars, jewellery, mobile phones and some documents.
