The Economic and Financial Crimes Commission, (EFCC), says it has arrested two brothers for extorting cyber-fraudsters with the promise of shielding them from arrest by the Commission.
A statement by the Ibadan zonal office of the anti-graft agency says the siblings Olatunji Joe Beyioku, 35, and Oluwayomi Beyioku, 37, who were acting like operatives of the commission in the state were arrested in Abeokuta, Ogun, on Friday, November 15, 2019, during a sting operation.
“EFCC operatives had embarked on discreet investigations into the activities of the suspects when it was discovered that they were in the habit of the extorting ‘Yahoo Boys’ to help them evade arrest by the EFCC,” the commission wrote.
They claimed 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.
It was also discovered that they have made several millions of Naira sabotaging the Commission’s efforts and were living large off their fraudulent scheme.
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.
See photos from the sting operation;