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Yahoo Boys Forced 71 International Companies Out of Nigeria in 2022

Stanley Uhegbu by Stanley Uhegbu
July 6, 2024
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The Economic and Financial Crimes Commission says in 2022 about 71 international companies left Nigeria because fraudsters hacked their accounts.

Chairman of the commission, Kayode Olukoyede said this when he received the “Man of Valour” Award by the Global Peace Movement International (GPMI), an international organisation.

Olukoyede also said over $500milliion was lost from the economy to internet Fraudsters.

He said,“In 2022, we lost over $500million in our economy to yahoo boys. The statistics are there. In the same year, about 71 international companies left Nigeria because they hacked their accounts.

“We can’t get credit cards in Nigeria because of our poor credit rating because of the activities of these cyber criminals, so the best we can get is debit cards.

“Do you know that there are some international merchants that you cannot use Nigerian cards on their platforms?

“Display your Green Passport outside the country and see if they will not take you aside and search you thoroughly.”

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