Some Yahoo Boys operating in the commercial capital of Nigeria have been apprehended and paraded by the premier anti-graft body, EFCC.
The Economic and Financial Crimes Commission says it has arrested four dropouts for suspected internet fraud.
The EFCC said the suspects – Oluwaseun Michael, 28; Igbokwe Chijioke, 27; Felix Chukwudi, 22 and Babajide Goloba, made millions of dollars from scamming foreigners.
The suspects were arrested in different parts of Lagos, following intelligence report received by the agency.
The statement read in part, “They are alleged to have defrauded their victims, mostly American and European citizens of millions of dollars.
“The suspects who are dropouts, have confessed to involvement in romance/marriage scam, Internet advertisement scam, spoofing of emails and interception of business mails.
“They have also confessed to working as couriers of funds stolen by other cyber criminals. They own companies with no fixed addresses, which they used to cover up the real sources of their money.”
The items recovered from the suspects at the time of their arrest include laptop computers, mobile phones and phishing scripts, among others.
The anti-graft agency said they would soon be charged to court.