Connect with us

Metro

‘Yahoo Boy’ Lands In Jail, Loses N24.3m Cash, Three Exotic Cars in Ilorin

Published

on

A 30-year-old internet fraudster, popularly known as “Yahoo Boy”, Yusuf Yusuf Olarewaju has been convicted by Justice Adebayo Yusuf of the Kwara State High Court sitting in Ilorin for offences bordering on internet fraud.

Yahoo Boy

Court Jails ‘Yahoo Boy’

Olarewaju’s conviction was secured by the Ilorin Zonal Command of the Economic and Financial Crimes Commission, EFCC, on November 28, 2022.

This was disclosed in a statement issued on Tuesday by the EFCC.

Justice Adebayo Yusuf of the Kwara State High Court sitting in Ilorin found Olarewaju, who is a native of Erin-Ile in Oyun Local Government Area of the state guilty of the one count charge brought against him by the anti-graft agency.

Consequently, the judge sentenced him to 6 months imprisonment with an option of a fine of N200,000. The court also forfeited all the instruments used by the convict to perpetuate the crime including the cash found to be proceeds of crime in his account to the Federal Government.

READ:  Nigerian Twitter Influencer, Tunde Commits Suicide After Tweeting “I Need Money Like Mad"

These include a Mercedes Benz GLK 2010 model; a Toyota Camry 2013 model; a Toyota Corolla 2005 model, iPhone 14 promax, and the sum of N24,364,860 (Twenty Four Million, Three Hundred and Sixty Four Thousand, Eight Hundred and Sixty Naira).

Olarewaju’s journey to jail started on October 23, 2022, when he was arrested following actionable intelligence about the activities of syndicates of fraudsters operating in Erin-Ile and its neighbourhood.

Investigation revealed that Olarewaju, while using a fraudulent email, [email protected] posed as one Smith Katie, a white female from Missouri, USA, to strike relationships with one James Gibson (Jimmy) and Stephen Speer, both of whom he swindled to the tune of $30,000 USD between 2021 and 2022.

The defendant not only confessed to the crime but also pleaded guilty when he was arraigned in court on November 11, 2022.

At the resumed sitting of the case on Monday, Justice Yusuf said he had carefully evaluated the facts of the case; the guilty plea entered by the defendant; the extra-judicial statements of the defendant as well as the exhibits tendered in evidence and was convinced that there were justifiable reasons to convict the defendant. Consequently, the judge pronounced him guilty.

READ:  "Leave The Country Now Or Face Prosecution" - Nigerian Police Warns Gays

In his plea of allocutus, Olarewaju’s counsel, M. A Bello urged the court to temper justice with mercy. He said that the convict had left “yahoo business” in January 2022 and that the cars recovered from him were intended to start up a car business.

However, Innocent Mbachie, counsel to the EFCC,  urged the court to, in addition to sentencing the convict forfeit all the instrumentality of the crime including the cars, cash, and phone to the Federal Government as a deterrent to others of Olarewaju’s ilk.

Justice Yusuf, while sentencing the convict said he found merit in the prosecution’s case adding that the defence plea that, “the convict had left “yahoo business” since January 2022, and that the cars recovered from him were intended to start up car business” was not sufficient to set him free of the deserved punishment.

In other news, Kanyi Daily reported how a Native Doctor killed his neighbour because the deceased was always accusing him of stealing.

READ:  Police Finds Missing Lady Ameerah Sufyan, Debunks Kidnapping Of 16 Others In Abuja

DJ Chicken Gets Emotional As He Meets His Father For The First Time [Video]
Celebrities18 mins ago

DJ Chicken Gets Emotional As He Meets His Father For The First Time [Video]

Nigerians Reacts As Seun Kuti Bows To Greet Will Smith’s Daughter, Willow [Video]
Entertainment2 hours ago

Nigerians Reacts As Seun Kuti Bows To Greet Will Smith’s Daughter, Willow [Video]

There's Nothing Selfish About Not Wanting To Get Married Or Have Children – Ibrahim Suleiman
Entertainment15 hours ago

There’s Nothing Selfish About Not Wanting To Get Married Or Have Children – Ibrahim Suleiman

Multichoice Reduces Prices For DStv, GOtv Packages After Losing Million Subscribers
News16 hours ago

Multichoice Reduces Prices For DStv, GOtv Packages After Losing Million Subscribers

"Make Peace With Your Wife, May Before It’s Too Late” – Prophet Samuel King Warns Yul Edochie
Entertainment17 hours ago

“Make Peace With Your Wife, May Before It’s Too Late” – Prophet Samuel King Warns Yul Edochie

"Instead Of My Goals To Trend, My Nyash Is Trending” – Warri Pikin Reacts To Her Football Photos
Celebrities17 hours ago

“Instead Of My Goals To Trend, My Nyash Is Trending” – Warri Pikin Reacts To Her Football Photos

Eedris Abdulkareem Drags Pastor Adeboye, President Tinubu In New Song, ‘Emi Lokan’
Entertainment19 hours ago

Eedris Abdulkareem Drags Pastor Adeboye, President Tinubu In New Song, ‘Emi Lokan’

Giving A Child Tribal Mark Without Consent Is Evil - Toke Makinwa
Celebrities22 hours ago

Giving A Child Tribal Mark Without Consent Is Evil – Toke Makinwa

“Women Are The Reason Why Some Men Aren’t Responsible Fathers” – Daddy Freeze Replies Kate Henshaw
Celebrities24 hours ago

“Women Are The Reason Why Some Men Aren’t Responsible Fathers” – Daddy Freeze Replies Kate Henshaw

Wizkid's Babymama, Jada Pollock Sparks Pregnancy Rumours With Viral Father’s Day Photo
Celebrities1 day ago

Wizkid’s Babymama, Jada Pollock Sparks Pregnancy Rumours With Viral Father’s Day Photo

Anita Okoye Celebrates Ex-Husband Paul Okoye On Father’s Day Despite His Remarriage
Celebrities1 day ago

Anita Okoye Celebrates Ex-Husband Paul Okoye On Father’s Day Despite His Remarriage

Actress Stella Ikwuegbu Is Dead
Entertainment1 day ago

Actress Stella Ikwuegbu Is Dead

"I Have Lost Respect For That Man" - Victor Osimhen Lambasts Finidi George [Video]
Sports3 days ago

“I Have Lost Respect For That Man” – Victor Osimhen Lambasts Finidi George [Video]

"Money Can’t Buy True Love" - Anita Paul Shades Ivy Ifeoma's Marriage To Ex-Husband Paul
Celebrities3 days ago

“Money Can’t Buy True Love” – Anita Paul Shades Ivy Ifeoma’s Marriage To Ex-Husband Paul

Ivy Ifeoma Replies Troll Who Shamed Her For Being Paul Okoye's Second Choice [Video]
Celebrities3 days ago

Ivy Ifeoma Replies Troll Who Shamed Her For Being Paul Okoye’s Second Choice [Video]

Funke Akindele Replies Body Shamer Advising Her And Toyin Abraham To Lose Weight
Entertainment3 days ago

Funke Akindele Replies Body Shamer Advising Her And Toyin Abraham To Lose Weight

Akah Nnani Reveals Why Wedding Day Should Be For Somberness, Not Celebration
Entertainment3 days ago

Akah Nnani Reveals Why Wedding Day Should Be For Somberness, Not Celebration

"Don't Get Married If You Don’t Have Your Own Money" - BBNaija Doyin Warns Ladies
Celebrities3 days ago

“Don’t Get Married If You Don’t Have Your Own Money” – BBNaija Doyin Warns Ladies

Spotify’s refreshed ‘New Music Friday Naija’ spotlights Nigeria's rising stars 1
Business3 days ago

Spotify’s refreshed ‘New Music Friday Naija’ spotlights Nigeria’s rising stars

"Ogun Go Kill You" - Portable Slams Dammy Krane For Contacting Him Over Feud With Davido
Entertainment3 days ago

“Ogun Go Kill You” – Portable Slams Dammy Krane For Contacting Him Over Feud With Davido