EFCC Says Yahoo Boys Are Responsible For Tighter Visa Restrictions On Nigerians

The Economic and Financial Crimes Commission (EFCC) has attributed the increasing visa restrictions faced by Nigerians abroad to the activities of internet fraudsters and money launderers.

In a statement released on Tuesday, the EFCC Chairman, Ola Olukoyede, urged youths in the South-South to shun cybercrime and financial offences, warning that such crimes destroy lives and futures.

According to him, internet fraud, money laundering, and other forms of economic sabotage cost Nigeria billions of naira annually, hinder national development, and rob citizens of infrastructure, jobs, and opportunities. He further stressed that these crimes tarnish Nigeria’s international image, resulting in harsher visa conditions for innocent Nigerians.

Speaking at an event organized by the Coalition of Nigerian Youth on Security and Safety Affairs (CONYSSA), Olukoyede said:

“Fraud is not success; it is a trap. Easy come, easy go. Those who embrace ‘yahoo-yahoo’ often lose their freedom, reputation, and future. The law is catching up with them, and digital footprints never disappear. Don’t ruin your tomorrow with shortcuts today.”

He encouraged young people to invest their energy and creativity in meaningful ventures such as technology, entrepreneurship, agriculture, and the creative industry, rather than crim+nal activities.