The Economic and Financial Crimes Commission,(EFCC) Lagos office, on Tuesday raided a Lagos-based car dealer, Astrax Auto Shop and seized 29 cars following tip off of fraudulent activities.
A statement by the Acting Head, Media and Publicity, Mr. Tony Orilade said The car dealers are allegedly members of an organized Internet fraudsters also known as ‘yahoo yahoo.’
A member of the suspected syndicate, Olusegun Micheal Adeyemi was also arrested.
Read the EFCC statement below;
“Investigation revealed that the syndicate, which specializes in Business Emails Compromise, BEC, in the United States of America, USA, usually moves proceeds of its alleged illicit business to a nominated bank account owned by their mules in the U.S.
“The syndicate members allegedly launder the proceeds through money order, which they use to purchase cars in American auctions and ship same to Nigeria for sale.
“The EFCC had earlier arrested one of the syndicate members, Olusegun Micheal Adeyemi.
“In his statement to the EFCC, Adeyemi confirmed one Tayo Onilogbo Yusuf as the Managing Director of Astrax Autos and Automobile.
“The cars recovered from the syndicate include: four Toyota Corolla; seven Toyota Camry; two Toyota Highlander; two Toyota Venza; two Range Rover; one Ford SUV; three Mercedes Benz; one Toyota 4runner; one Toyota Sienna; four Honda Accord; one Toyota Sequoia and one Kia car.”