The Economic and Financial Crimes Commission(EFCC),Ibadan zonal office, has arrested two brothers for extorting internet fraudsters with the promise to shield them from possible arrest by the commission.
Olatunji Joe Beyioku, 35, and Oluwayomi Beyioku,37, were arrested in Abeokuta on Friday during a sting operation.
EFCC operatives had embarked on discreet investigation into the activities of the suspects and it was discovered that they are in the habit of the extorting ‘Yahoo Boys’ with a promise to help them evade arrest by the EFCC.
They claim to be spy police officers with the rank of Deputy Superintendent of Police (DSP) and have ‘assisted’ the Commission with information on the whereabouts of internet fraudsters within the town.
But it was discovered that they only expose those who failed to meet their demand, while those willing and ready to play ball are shielded.
It was also discovered that they have made several millions of naira sabotaging the commission’s efforts.
A search conducted on the younger brother’s palatial residence along Lagos-Abeokuta Expressway suggested that they may be living far above their means. Items found in the multi-million naira building also raised suspicion of the brothers’ possible involvement in other forms of criminal activities.
Items recovered from the two brothers include Honda Accord Crosstour and a Mercedes Benz GLK, different brands of mobile phones and charms.