Man impersonates EFCC, defrauds ‘Yahoo boys’ of N38 million

The Economic and Financial Crimes Commission (EFCC) has arrested one Ladeji Kelvin Babatunde for obtaining money under false pretense.

He is reported to have allegedly obtained over N38 million from suspected internet fraudsters commonly known as Yahoo boys, while posing as an EFCC operative.

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

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

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

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