The Ibadan zonal office of the Economic and Financial Crimes Commission, EFCC, on Wednesday, arrested 29 men suspected to be internet fraudsters.
A statement by the commission’s spokesperson, Tony Orilade, said the suspects were arrested at Akoto Estate, Elebu area in Ibadan during an early morning raid carried out by operatives of the commission.
It said the team of the commission had earlier conducted series of surveillance and worked on strings of intelligence gathered on activities of the suspects.
The EFCC said preliminary investigation conducted was found to be credible, leading to the sting operation.
Among the items recovered from the suspects were eight exotic cars, many expensive phones, laptops and documents suspected to be used for their alleged illicit dealings.
The commission said the suspects would be charged to court as soon as investigations were concluded.