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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.

He 'invested' the money into building a house

Nigerian man defrauds American citizen of hundreds of dollars on Facebook after pretending he's oyinbo


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:

Legit.ng compiled some of the reactions below:

fourl_ar said:

auwalsaeedabdullah said:

dand.y350 said:

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

A
man hacked a bank's network


Meanwhile, Legit.ng 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.bit.ly 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.


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