Gehgeh Warns Former Yahoo Boys As Financial Struggles Push Some Into Mental Distress

Nigerian financial commentator Gehgeh has advised former internet fraudsters whose illegal activities are no longer generating income to abandon the lifestyle and acquire legitimate skills to rebuild their lives.

Gehgeh, who refers to former internet fraudsters as “Oldtakers,” said some young men who previously made substantial amounts of money through online fraud had invested in houses, cars and families but were now struggling financially after their fortunes declined.

Speaking in a video, he claimed that three or four young men he personally knew in his community had experienced mental health breakdowns after losing the money they previously earned through fraudulent activities.

He attributed their difficulties partly to the pressure of maintaining expensive lifestyles they could no longer afford, urging affected individuals to accept their circumstances and make efforts to start afresh.

Gehgeh specifically appealed to young men between the ages of 19 and 30 to consider abandoning internet fraud and focusing on legitimate opportunities that could provide sustainable sources of income.

He noted that some former fraudsters had become so dependent on proceeds from illegal activities that they failed to develop other talents or acquire useful skills. According to him, this has left many without alternative means of survival when their fraudulent activities stopped generating money.

He also expressed concern that some individuals turn to drug use in an attempt to escape the emotional and financial pressure associated with losing their previous sources of income.

According to Bush Radio Academy, Gehgeh’s message highlights the importance of developing legitimate skills, embracing financial discipline and seeking healthier ways to overcome economic challenges rather than remaining trapped in an unsustainable lifestyle.