FUTA suspends four students involved in alleged N16m internet fraud

The Federal University of Technology Akure (FUTA) has indefinitely suspended four students of the institution, who were arrested by the Economic and Financial Crimes Commission (EFCC) for the roles they played in an alleged N16 million Internet fraud. Out of the five suspected undergraduate scammers that were arrested, 4 are from (FUTA) while 1 is from Adekunle Ajashin University, Akungba. They allegedly swindled unsuspecting foreigners and others to the tune of N16M by engaging in fraudulent activities of obtaining money by false pretences through scam mails.
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