29 people suspected to be cyber crime fraudsters were yesterday arrested by the Economic and Financial Crime Commission at the Akoto Estate, Elebu area in Ibadan, Oyo State.
They were rounded up during an early morning raid by operatives of the commission.
Earlier, the team had mounted surveillance on the suspects while working on strings of intelligence gathered on their activities.
The preliminary investigation confirmed the intelligence report to be credible, leading to the sting operation.
Among the items recovered from the suspects were eight exotic cars, expensive phones and laptops as well as documents suspected to have been used for illicit deals.
According to the anti-graft agency, the suspects will be charged to court as soon as investigation is concluded.
