EFCC Arrests Yahoo Boy Who Tried To Buy N44m Range Rover SUV With Bitcoin In Lagos

The Economic and Financial Crimes Commission (EFCC) has arrested suspected an internet fraudsters, Tobiloba Aramide Ogundiyan, who allegedly tried to buy a Sports Utility Vehicle (SUV) worth N44million with Bitcoin in Lagos State.

Ogundiyan was arrested by the EFCC Lagos Zonal Office on May 18, 2021 at River View Estate, Lekki, for alleged computer-related fraud.

The suspect is accused by the EFCC’s Advance Fee Fraud Section of committing online fraud and converting his loot to the cryptocurrency.

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,” EFCC said.

The EFCC also arrested seven other suspected Internet fraudsters namely: Samson Alabi Afolabi; Adebayo Dolapo Olumide; Daniel Boluwatife Akinwunmi; Moses Segun; Kelechi Thankgod Felix; Adeleke Godwin Tofunmi and Adewale Dapo Victor.

Exhibits recovered from the suspects include electronic gadgets (handsets, laptops), exotic cars, expensive jewelleries and antiques etc.

The EFCC said in the course of its investigation, it found that apart from computer-related fraud, some of the suspects had completed the three stages of money laundering i.e. placement, layering and integration.

KanyiDaily had also reported how the EFCC arrested a young lady for alleged Internet fraud, just a few hours after she flaunted her flashy car on the social media.