Instagram models

Two sisters who earn a living as Instagram escorts were arrested for bullying and extorting a Nigerian billionaire.

Jyoti and Krian Matharoo, of Toronto, were arrested for threatening to expose Nigerian businessman Femi Otedola for cheating on his wife.

The Instagram stars have amassed a following of 50,000 on Instagram.com where they post sexy photos of themselves enjoying their lavish lifestyle.

The women are allegedly paid escorts who travel to the African continent to provide escort services to wealthy businessmen and oil tycoons. They are currently detained in Lagos in west Africa.

The Matharoo sisters are among a long list of women off Instagram.com who travel to Arica and the Middle East to provide escort services to wealthy oil tycoons.

Apparently business is slow.

After being extorted by the Matharoos in their on-going scam, the billionaire filed a complaint against the women, who were taken into custody on Dec. 23.

Police also found emails on laptops and smart phones belonging to the women. In the emails the women reportedly blackmail and extort money from other African men.