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Operatives of the Economic and Financial Crimes Commission (EFCC) raided Club 57 in Ikoyi, Lagos in the early hours of Friday.
The agency said it stormed the club while acting on intelligence report of activities of suspected internet fraudsters.
Many of the suspects fled, abandoning their exotic cars to evade arrest while some others resisted arrested, according to the commission.
In the end, at least 12 suspects were arrested and 10 cars recovered.
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