The EFCC had in the past discovered several such “academies” across the nation.
Operatives of the Abuja Zonal Command of the Economic and Financial Crimes Commission (EFCC) have arrested one Afolabi Samad, the owner of a ‘Yahoo-Yahoo Academy’ in Abuja.
The 24-year-old was arrested on Thursday in a sting operation alongside 16 of his students. The youngsters between the ages of 18 and 27 years were arrested at their hideout located in Peace Court Estate, Lokogoma, a suburb of Abuja.
The owner of the alleged academy rented the three-bedroom flat for three million Naira to impact the tricks of cyber-frauds on his apprentices for undisclosed fees.
Some of the items recovered from the suspects include laptops, phones, charms, and two vehicles: a Lexus RX350 and Toyota Highlander.
The EFCC in its statement said investigations are ongoing and the suspects will be charged accordingly in due time.