The Economic and Financial Crimes Commission on January 29, 2021, arrested 10 suspected Yahoo-Yahoo students in Abuja.
The 10 suspected Yahoo-Yahoo students were arrested at their Academy in Bwari axis of Abuja where they were said to be learning the trade of cyber trickery.
The 10 suspected Yahoo-Yahoo student were aged between 20 and 30 years, are Sixtus Jude, Moses Samuel, Isalan Johnny, Dapet Nimshak, Samuel Ogboche, Victor Samuel, Victor Asuquo, Ibrahim Yunusa, Yahaya Usman and Chijoke Ikwuoha.
According to the statement released by the anti-graft agency, they were arrested with different incriminating items such as mobile phones and computers.
The promoter of the Academy is however on the run, while investigations showed that the sponsor recruits and train young individuals who show interest in internet fraud.
The sponsor gets his percentage of their earnings based on an agreement between him and the recruits. He also serves as a conduit for laundering the money gotten from internet fraud by some of the suspects.
The suspects will be prosecuted when the investigation is completed.