The Economic and Financial Crime Commission EFCC has apprehended an internet fraudster also known as “Yahoo boy” who allegedly tried to by a Range Rover worth N44million with Bitcoin, has been arrested by the EFCC.
The man identified as identified as Tobiloba Aramide Ogundiyan was accused by the EFCC’s Advance Fee Fraud Section of committing online fraud and converting his loot into cryptocurrency.
A statement released by the agency stated that the suspects some of the suspects have three stages of money laundering i.e. placement, layering and integration.
The statement read as
Ogundiyan acquired his ill-gotten wealth from internet fraud, layered it into a Bitcoin account and finally integrated it by approaching a car shop owner in Lekki to purchase a Range Rover Vela P380 2018 model worth N44,000,000 ($97,626 USD in Bitcoin) sometime in March 2021.
The agency said the suspect also include seven others which was arrested in related to the same offence by the commission’s Lagos operatives on May 18, 2021 at River View Estate, Lekki, Lagos for alleged computer-related fraud.
Other suspects are Samson Alabi Afolabi; Adebayo Dolapo Olumide; Daniel Boluwatife Akinwunmi; Moses Segun; Kelechi Thankgod Felix; Adeleke Godwin Tofunmi and Adewale Dapo Victor.
Exhibits recovered include electronic gadgets (handsets, laptops), exotic cars, expensive jewelleries and antiques etc.