The Economic and Financial Crime Commission (EFCC) warns the internet fraudsters, popularly known as ‘Yahoo Boys’, are worsening visa restrictions for innocent Nigerians abroad, damaging the country’s global image. Chairman Ola Olukoyede emphasizes that cybercrime, money laundering, and economic sabotage cost Nigeria billions of naira annually, limiting access to infrastructure, jobs and opportunities.
The EFCC boss highlights recent visa policy changes, like the United States reducing certain non-immigrant visas to three months with single entry for Nigerians. Olukoyede urges Nigerian youths to ditch quick-money scams and embrace productive ventures like digital innovation, entrepreneurship, agriculture, and the creative industry instead.
“Fraud is not success; it’s a trap. Easy come, easy go. Many who follow ‘yahoo-yahoo’ lose freedom, reputation, and future. The law is catching up, and digital footprints never disappear,” he cautions. The EFCC has intensified crackdowns, arresting 38 suspected fraudsters in Lagos and securing convictions for advance free fraud.
Other agencies echo concerns – The National Drug Law Enforcement Agency (NDLEA) warns against drug abuse, and the Nigeria Security and Civil Defence Corps cautions against pipeline vandalism.
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