The Economic and Financial Crimes Commission (EFCC), Ibadan Zonal Office, has arrested five university students for alleged internet fraud valued at N16 million.
The EFCC on its official Facebook page listed the names of the suspects as Paul Adeleke, 21; Tayo Adebiyi, 22; Olusola Adeniyi, 21; James Ogundile, 23; and Okali Ugochukwu, 21.
The statement said that Adeleke and his co-travellers called “Tsunami Gang and Young Pablo Money” allegedly swindled unsuspecting foreigners and others to the tune of N16 million.
It added that the suspects had engaged in fraudulent activities of obtaining money by false pretence through scam mails.
The commission said it got the wind of their activities through series of intelligence.
Four of the suspects were from the Federal University of Technology, Akure (FUTA), and the other one was from Adekunle Ajasin University, Akungba- Akoko (AAUA).
“Adeleke is a 300 student of Building Technology, Ogundile and Adeniyi are both 400 level students of Agricultural Resources and Mathematics, respectively at FUTA. Ugochukwu is a 200 level student of Urban and Regional Planning at FUTA, while Adebiyi is a 300 level Student of Mathematics from AAUA all in Ondo State,” he said.
The suspects were picked up at an off-campus residence.
The EFCC recovered three Apple iPhone 6, three blackberry phones, and several incriminating documents at the scene and from their laptops.
“Also recovered was a black Toyota Highlander (2006) with registration number (Lagos) LND 112 EG, light- green Toyota Camry (2010) with registration number (Lagos) AAA 850 EF,” the statement said.
According to the EFCC the suspects would be arraigned as soon as investigation is completed.