EFCC Blasts Yahoo Boys: ‘They’re Destroying Nigeria’s Global Image And Investor Trust

The Economic and Financial Crimes Commission (EFCC) has blamed the activities of internet fraudsters, commonly referred to as Yahoo boys, for driving away potential investors from Nigeria.

Speaking at an event held at Unity Hall, Government House in Asaba, Delta State, on Monday, the acting zonal director of the EFCC’s Benin office, Assistant Commander Effa I. Okim, expressed concern over the rising involvement of Nigerian youths in cybercrime.

Okim noted that this trend is tarnishing Nigeria’s reputation on the global stage, leading to a loss of confidence among foreign investors and stalling the nation’s development.

He emphasized that the impact of cybercrime extends far beyond legal consequences, warning that it erodes investor trust, stifles industrial and creative growth, and endangers the country’s future.

“The widespread nature of internet fraud among our youth is a national disgrace. Many have embraced this criminal lifestyle at the cost of their own future and the country’s image,” Okim stated.

He urged young Nigerians to reject cybercrime and other illegal activities, and instead choose the path of hard work, adding that the EFCC remains committed to prosecuting offenders.