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.
See the EFCC press statement regarding the case