The Economic and Financial Crimes Commission (EFCC), Ibadan zonal office, arrested 17 suspected internet fraudsters earlier this week.
Five of the arrested suspects alleged that they were students of the Federal Polytechnic, Ado Ekiti.
The suspects were apprehended after a tip-off and investigations. The EFCC was working with intelligence reports, which detailed the suspects' alleged involvement in internet fraud and other related offenses in Ado-Ekiti, the Ekiti State capital.
Operatives of the anti-graft commission in the zone reportedly conducted preliminary investigations which helped them ascertain the merits of the allegations against the suspects. After establishing substantial facts, the EFCC rounded up the suspects on Monday.
Five of the suspects identified themselves as students of the Federal Polytechnic, Ado-Ekiti, while the other 12 suspects were said to be persons of various vocations.
The Buhari-led administration has given veto power to the EFCC, to curb cybercrimes and extortion, also known as "Yahoo Yahoo." The commission has rounded up over 2000 youths in the last two years, thus reducing the number of online syndicates in the country.
After pledging allegiance to the Federal Bureau of Investigation (FBI), the EFCC has been working round the clock to combat the increasing rate of cybercrimes in the country and arrest suspects in relation to the former mega multi-millionaire, business mogul, Invictus Obi, who is in custody of the FBI in the United States for alleged fraud and document falsification.