Olaogun Babatunde, a most ‘wanted’ suspect by the Economic and Financial Crime Commission (EFCC), and a fraudster nick- named “Evil Genius” by friends, has been arrested by the police IRT.
Babatunde who allegedly defrauded two other victims of N9.6 million was hunted from Abuja down to Kogi State, and nabbed by operatives of the Intelligence Response Team (IRT) led by Tunji Disu. The arrest happened after he defrauded one Chidinma Vivian Okwenna with a fake bank alert.
The Police described him as a serial fake bank alert fraudster, giving addition that the suspect defrauded one of his victims of the sum of N5 million and another of the sum of N4.6 million. Historically, Babatunde, who was believed to be in his early 40s, graduated from the University of Lagos in 2008. 
Making confessions, Babatunde reportedly told police during interrogation: “I have used fake alerts to purchase goods worth billions of naira. “I have defrauded many traders in Lagos State and other cities.”
According to the police: “He’s popularly called by friends an ‘evil genius’ because of his expertise in generating fake bank credit alerts, which he uses to defraud traders and other unsuspecting Nigerians. “He has many fake sites on the internet and social media platforms, and his usual targets are women.” According to police Investigations, the suspect had previously been arrested by this current IRT Commander, a Deputy Commissioner of Police, Olatunji Disu, when he was the Lagos Commander Rapid Response Squad (RRS) in 2018. Recalling that Babatunde was alleged to have generated and used a fake bank alert to buy laptop computers worth N4.6 million from a dealer called Kevin Otenuga. The police stated: “The fact of the latest arrest of the fraudster in Abuja is that he met Chidinma Vivian Okwenna through a social network platform where they interacted and exchanged contacts. “On 9th December 2021, he approached Chindima at Wuse Zone 2, First Bank, asking for N5 million new notes, claiming that his boss needed them. “Chindima rallied around and was able to raise the sum of N3.5 million and handed it over to him. “He subsequently generated a fake bank credit alert of its equivalent through Zenith Bank accounts and immediately made an excuse, and then rushed out of the bank, claiming to have a meeting with someone. “As soon as he stepped out of the bank, he blocked the complainant’s phone number so she won’t be able to reach him. “Meanwhile, after his Zenith Bank account’s statement was obtained, it was discovered he had just N24,000 on that day of the transaction.” Several efforts made by Chidinma to reach him were abortive. She then reported the matter to IRT and Babatunde was tracked and arrested in Lokoja, Kogi State. Investigators also revealed that the suspect had been on EFCC’s Wanted List for a while.
