The suspects, who were said to be members of an organized cybercrime syndicate, were apprehended during an early morning operation.
As many as 21 suspected Internet fraudsters have been arrested in lagos.
They were arrested on Wednesday by officials of the Economic and Financial Crimes Commission, Lagos Zonal Office, for alleged involvement in fraud.
The suspects, who were said to be members of an organised cybercrime syndicate, were apprehended during an early morning operation at Roxbury Leisure Homes Phase 2, Lekki-Epe Expressway, Ikota, Lagos.
A statement on Thursday by the Head of Media and Publicity, EFCC, Mr Wilson Uwujaren, identified the suspects as Shittu Yakubu, Akinsola Afeez, Adeniyi Joseph, Opeyemi Wahab, Idris Sunday, Lawal Moshood, Jubril Yusuf, Olusegun Mohammed, Adekunle Adesanya and Damilola Abijide.
Others are Sola Adio, Oladipo Ademola, Damilola Adewale, Akinsola Ridwan, Ogunlaye Damilare, Falaye Peters, Magnus Toni, Onanuga Ahmed, Bolarinwa Segun, Onanuga Olawale and Ayomide Afeez.
The commission pointed out that the suspects had allegedly been defrauding unsuspecting members of the public of their hard-earned money before they were arrested.
“Items recovered from the suspects at the point of arrest were 12 vehicles, mobile phones and laptop computers. They will be charged to court as soon as investigations are concluded,” the statement added.