Involvement of students in cyber fraud popularly called Yahoo is a big headache to us, EFCC boss cries out

By Austin Ogwuda

THE Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede has cried out saying that the involvement of youths in internet fraud has continued to pose serious concerns to every stakeholder in the anti-graft war.

He raised the alarm in Abuja on Wednesday at the launch of Zero Tolerance Club at the University Abuja (UniAbuja), Gwagwalada campus, Abuja, Nigeria.

EFCC Spokesperson, Dele Oyewale, in a statement on Wednesday night, said Olukoyede, who spoke through the Secretary to the Commission, Mohammed Hammajoda said that “EFCC secured 3,175 convictions and recovered N156, 276,691,242.30 between May 29, 2023 when President Bola Tinubu assumed office and May 29, 2024.

“In spite of the commendable performance, the commission is deeply worried about the increasing involvement of young people, including students, in cybercrime, popularly called yahoo yahoo. Hundreds of suspects are arrested monthly, with many of them ending up in jail.

“There is no justification that will make yahoo yahoo acceptable. Contrary to the impression in some quarters, being a fraudster is not synonymous with creativity or being smart. As students, you are expected to channel your creative energies into useful engagements and not get entangled in cheating others of their resources”, he stated.

*Source: Story/pic – Leadership Newspaper

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