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Internet Fraud: Two Yahoo Boys Lose #206m, Cars, Houses To FG, Also Get 3 Years Jail-Term



Two internet fraudsters, Tobiloba Ibrahim Bakare and Alimi Seun Sikiru have been convicted and consequently sentenced to three years imprisonment by the Special Offences Court, Lagos, Nigeria.

Besides the three years jail sentence, Justice Oluwaoyin Taiwo also ordered for the forfeiture to the Federal Government of Nigeria, the total sum of N204, 041, 216. 82 million; Mercedes Benz E500; Toyota Hilux 2020 model belonging to the convicts.

Moreso, the convicts are also to forfeit to the federal government, 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 Alternative Road, Lekki, Lagos.

After the said Yahoo Boys pleaded guilty to the six count charges of conspiracy to retain of stolen items made against them by the Economic and Financial Crimes Commission(EFCC), Justice Taiwo convicted and sentenced the convicts and made the forfeiture order.

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


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

Responding to their plea, the prosecutor made application to the court to review the facts prevalent in the case, and it was granted.

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