25 year old Hope Olusegun, and seven of his mates were arrested in December 2012 at the 1004 Housing Estate by the Economic and Financial Crimes Commission over allegations of fraud and internet scam.
The 'Yahoo Boys' who have been operating for quite a while lived a lavish lifestyle, bought the most expensive cars and showed off at every opportunity they got. One of the undergraduates, Hope Olusegun (pictured above) an indigene of Okene, Kogi State, had a Mercedes Benz SUV, and a 4Matic Mercedes Benz car and before he was arrested, he bought a Toyota Camry for his one year old son.
Tunde Wasiu Sodiq, another undergraduate and member of another syndicate with close affinity to Olusegun's gang was also nabbed by operatives of the EFCC at the Housing Estate.
Besides Sodiq, six other members of the syndicate were equally arrested. They are Badmus Akeem O, Ajijola Oluwatosin Emmanuel, Adebesin Olalekan, Raji Resaq O, Ajibola Adeniyi and Adeboye Lamidi.
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