The suspects are Sylvester Osolase, 30; Seyi Ajayi, 36 and Monday Mayaki, 37.
They were arrested on Sunday, May 27, 2018 at River View Estate, Isheri North, Lagos State, following intelligence report received by the Commission about their activities.
EFCC spokesman, Wilson Uwujaren, in a statement, said they confessed to have used proceeds of their illicit deals to buy cars, paid their rents and travel around the world.
“The Yahoo Boys who were dealing in romance and classified scams, confessed to have defrauded several unsuspecting victims around the world.
“Items found on the suspects include laptops, cars, mobile phones and incriminating documents that were printed from their emails”, it said.
The suspects will soon be charged to court as soon as investigations are concluded.