The Economic and Financial Crimes Commission has arrested 127 suspected internet fraudsters during a “Yahoo Party” in Akure, Ondo State.

The suspects were apprehended in an early morning raid on Saturday, June 8, 2024, at simultaneous parties held at Signature and Abah Clubs in the state capital.

The EFCC announced on Saturday that based on reliable information, the event originally planned for Wednesday, June 5, had been rescheduled to the following Saturday as a strategy to slip past the agency’s surveillance and intelligence gathering.

“Operatives of the Ibadan Zonal Directorate of the EFCC arrested One Hundred and Twenty-Seven (127) suspected internet fraudsters in Ondo State. The alleged internet fraudsters were arrested in an early morning sting operation at a ‘Yahoo Party’ held simultaneously at Signature and Abah Clubs on Saturday, June 8, 2024, in Akure,” the statement said.

The statement also stated that numerous items, including ten exotic cars, phones, laptops, a motorcycle, wristwatches, and numerous incriminating documents, were found on the suspects, and that they had given investigators helpful information.

The statement continued, “items recovered from them include motorbikes, phones, laptops, watches, and many incriminating documents in addition to ten exotic cars.”

The suspects would face charges in court as soon as the investigations are finished, the EFCC promised.

The raid is a component of the commission’s ongoing efforts to combat internet fraud, also referred to as “Yahoo Yahoo,” which is becoming a national concern.