Three Suspected Fraudsters Land in EFCC net

The Economic and Financial Crimes Commission, EFCC, in Ibadan, has arrested a triumvirate gang of internet fraudsters popularly known as Yahoo-Yahoo boys.

The trio which comprises of one Davies Ayomide Rapheal, alongside Adeyemi Adewumi Segun and Oyewole Segun, allegedly engaged in phony online purchases from designated auction sites.

They were nabbed by the intelligent investigation carried out by men of the financial graft commission.

The arrested suspects

The suspects who confessed to having accomplices abroad were arrested at different locations following tip-off by an unnamed source.

The leader of the gang, Rapheal, logs on to websites such as Craigslist and other online sales and purchase sites, where items ranging from cars and furniture are being displayed for sale.

In his words: “I usually pose like a genuine buyer and engage any seller in a bid to purchase a car. After the seller had agreed to the terms of purchase, I go online to edit any PayPal receipt online to reflect whatever agreement reached which includes cost of purchase and the accrued percentage for shipping.”

“Our cohorts abroad, collect the shipping cost which had been added to the cost of the car on the PayPal receipt and sends it to either Adeyemi or Oyewole who receives it in Nigeria for us to share.”

27-year-old Raphael, who is an indigene of Ipetumodu, Osun State, said he had recruited his friends, Adeyemi and Oyewole into the Syndicate in order to raise money to pursue his dream of becoming a musician, having dropped out of school.

Raphael confessed to having made about N2.5million from the various scams from which he bought a car, Honda Accord (EOD) with registration number EKY437EA, and a Phantom 5 phone.

The other gang members, Adeyemi and Oyewole who hail from Ondo and Ibadan respectively also confessed to crimes during questioning. Aside from being part of the auction scam, Adeyemi, 27, stated that he was also into romance scam and had fleeced some unsuspecting victims of their money, the latest being $250 that he got from an Australian.

On his part, Oyewole, 31, confessed that he collects their proceeds through his account domiciled in one of the new generation banks.

According to Oyewole, his share in the latest fraud was N247,000 which was ten percent of the sum realized. The EFCC said the suspects will be charged to court on conclusion of investigation.

Kingsley Ukpai

I write, I write and I keep writing… Most importantly, I make sure everything I write makes sense!

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