The EFCC said investigation revealed that the event tagged ‘Peer Youths Awards,’ was organised to reward high-level internet fraudsters.
Items recovered from the suspects at the point of arrest include exotic cars, electronic devices, laptop computers and mobile phones.
The suspects will soon be charged to court, the anti-graft agency said in a statement, titled, ‘EFCC arrests 60 at Yahoo Boys’ Awards Night,’ issued on Monday.
The arrests and the storming of the hotel, amid gunfire, created some ruckus at the weekend.
The agency’s operatives were accused of breaking into rooms and shooting indiscriminately, such that some innocent lodgers panicked.
Conference Hotel is owned by former Ogun governor, Otunba Gbenga Daniel.