The Economic and Financial Crimes Commission (EFCC) says it has arrested 60 suspected internet fraudsters popularly known as Yahoo boys in Ogun State. EFCC Head of Media, Wilson Uwujaren, made the announcement in a statement on Monday.

According to the statement, "the suspects were nabbed at a ceremony at the Conference Hotel in Abeokuta, the state capital".

"The facility is owned by Gbenga Daniel, a former Ogun Governor and All Progressives Congress (APC) chieftain.

Uwujaren alleged that the event, tagged “Peer Youths Awards”, was organized “to reward high-level internet fraudsters”.

"Items recovered from the suspects at the point of arrest include exotic cars, electronic devices, laptop computers and mobile phones".

The suspects will soon be charged to court, the spokesman added.

The EFCC carried out what it called 'sting operation' between Saturday night and early hours of Sunday morning, in an exercise decried by many.

The commission has been accused of using excessive force during raids in recent months.