Operatives of the Economic and Financial Crimes Commission have arrested a suspected bitcoin fraudster, Ayomide Samuel Adebowale.
He was arrested in Ibadan.
Ayomide along with four others were picked up from two locations at Elebu area in Ibadan, Oyo State.
The suspects whose ages range between 21 and 37 were arrested sequel to series of intelligence received by the Commission on their alleged involvement in internet-related crimes
The other four are: Philip Gabriel, Mayowa Jolaoso Segun, Babatunde Segun Adeyinka and Abiodun Tolulope Emmanuel.
Items recovered from them include two cars, laptops, phones and some documents suspected to contain false pretences
They will be charged to court as soon as the investigation is completed.