The Economic and Financial Crimes Commission has arrested no fewer than 120 suspected internet fraudsters in Lagos in what it described as a coordinated crackdown on cybercrime activities across the state.

The anti-graft agency said the arrests, which took place on Monday, were carried out by operatives of its Lagos Zonal Directorate 1, following what it called “credible intelligence and diligent surveillance.”

In a statement issued on Monday, the Commission said the suspects comprised 95 males and 25 females.

They were apprehended at multiple locations across Lagos, believed to be hotspots for cybercrime activities.

“Operatives of the Lagos Zonal Directorate 1 of the Economic and Financial Crimes Commission, EFCC, have arrested 120 suspected internet fraudsters, comprising 95 male and 25 female, at various locations in Lagos,” the statement read.

The EFCC said items recovered during the operation included 26 exotic cars, expensive pieces of jewellery, high-end smartphones, laptops, and several incriminating documents linking the suspects to alleged fraudulent activities.

According to the Commission, the operation was part of its ongoing efforts to clamp down on cybercrime and digital fraud in Nigeria, particularly in urban centres where such crimes are on the rise.

“The suspects were arrested following credible intelligence and thorough surveillance regarding their alleged involvement in internet-related fraud,” the EFCC added.

The anti-graft agency said the suspects are currently undergoing further interrogation and forensic profiling.

“They will be arraigned in court upon the conclusion of investigations,” the statement said.

The EFCC reiterated its resolve to rid the country of economic and financial crimes, urging members of the public to remain vigilant and report suspicious activities in their neighbourhoods.