Court jails 2 yahoo boys, orders forfeiture of N206m, houses

Justice Oluwatoyin Taiwo sitting at the Special Offences Court, Ikeja, Lagos, has convicted and sentenced two internet fraudsters, also known as Yahoo Boys – Tobiloba Ibrahim Bakare and Alimi  Seun Sikiru – to three years imprisonment each. The court also ordered the convicts to forfeit to the federal government, a total sum of N204, 041, […]

Justice Oluwatoyin Taiwo sitting at the Special Offences Court, Ikeja, Lagos, has convicted and sentenced two internet fraudsters, also known as Yahoo Boys – Tobiloba Ibrahim Bakare and Alimi  Seun Sikiru – to three years imprisonment each.

The court also ordered the convicts to forfeit to the federal government, a total sum of N204, 041, 216. 82, a Mercedes Benz E500 and a Toyota Hilux 2020 model.

The convicts are also to forfeit a 5-bedroom duplex, situated at Ibrahim Beto Street, Osapa London, Lekki, Lagos; a 4-bedroom semi-detached duplex situated at Ologolo Jakande, Lekki, Lagos and a 4-bedroom semi-detached duplex in Southern View Estate, Mayor Court, Chevron Alterative Road, Lekki, Lagos.

They were convicted and sentenced after they pleaded guilty to the six counts of conspiracy to retain stolen items, made against them by the Economic and Financial Crimes Commission (EFCC).

The offences, according to the prosecutor, Mr Idris Abdullahi Mohammed, are contrary to sections 411 and 328(1) and punishable under Section 328 of the criminal law of Lagos State, 2015.

The convicts pleaded guilty to the charges, after which they entered a plea bargain agreement with the prosecuting agency.