Man Who Impersonated EFCC to Defraud Yahoo Boys of N38m Caught, He was Using Money to Build 4-Bedroom House

Man Who Impersonated EFCC to Defraud Yahoo Boys of N38m Caught, He was Using Money to Build 4-Bedroom House

  • A Nigerian man with the name Ladeji Kelvin Babatunde allegedly impersonated the EFCC to get over N38m from internet fraudsters
  • To get the sum, he had to lie that he is an official of the agency and he wanted to protect them from arrest
  • Nigerians found the man's crime amusing as some people said the man had at some time in the past defrauded them

Officers of the Economic and Financial Crimes Commission (EFCC) have arrested a man, Ladeji Kelvin Babatunde, who reportedly impersonated the agency for his selfish interest.

In a press release by the commission on its official Instagram page, it revealed that Babatunde reportedly defrauded yahoo boys (internet fraudsters) of more than N38 million.

People said a bigger fraudster swallowed a smaller one.
The man got millions from Yahoo Boys as a bribe. Photo source: @officialefcc
Source: Instagram

He 'invested' the money into building a house

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They stated that he collected the money as a bribe from them as a way to save them from arrest by the commission.

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People have since reacted to the photo of the man posted by the commission on its Instagram account.

It should be noted that EFCC also recovered an uncompleted 4-bedroom flat he was building with the proceed from him.

See the post below: compiled some of the reactions below:

fourl_ar said:

"This life ehn what goes around comes around ni ….when sars still Dey this guy nah informant ooo… u see Dey sebe Noah."

auwalsaeedabdullah said:

"May God protect urs from this people."

dand.y350 said:

"God go punish am he ripped me 500k saying he’s an informant when I have issue with Efcc."

official_realone__ said:

"This guy for IJAKO that time damn."

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How to recognise a youth involved in cyber Crime, EFCC reveals

A man hacked a bank's network

Meanwhile, earlier reported that a 38-year-old man, Salau Abdulmalik Femi, has been arrested by Special Fraud Unit (SFU) for hacking into a bank's system and moving out about N1.868bn.

It was gathered that two people who acted as the man’s partners in crime were also arrested. He reportedly used software to create fake credits to the tune of N1,868,900,000 and paid into the accounts of some bank customers.

While commenting on the case, Eyitayo Johnson who is the spokesman for the SFU revealed that the man went ahead to make debits as he transferred a total amount of N417,542,000 via internet banking.


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