Ritual does not give us money, yahoo plus boys confess

  • 2 years ago
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In their desperation to join the ranks of scores of their compatriots who have been making millions of dollars out of online-scams, young Nigerian based wannabe scammers known as ‘yahoo boys’ are resorting to the use of traditional charms and mystical powers to charm potential victims into their scams.

Yahoo Boys are young men —usually aged between 22-29 years—who specialise in various types of cybercrime. Many of them may be undergraduates or college dropouts whose distinct lifestyles of fast cars, wealth and ostentation is the envy of many of their age-mates. The Yahoo Boys are not limited by geography— the internet is their home— and their victims are as diverse as there are naive and people ready to fall for get-rich-quick scams.

Yahoo Boys as also adept at cyber-enabled financial fraud. A six month operation wire wire conducted by the U.S. Department of Justice, U.S. Department of Homeland Security, U.S. Department of the Treasury and the U.S. Postal Inspection Service resulted in 74 arrests in the United States and overseas, including 29 in Nigeria, and three in Canada, Mauritius and Poland.  The operation also resulted in the seizure of nearly $2.4 million, and the disruption and recovery of approximately $14 million in fraudulent wire transfers. Many of these scammers who were in Nigeria have since fled to other countries eg Ghana, Dubai ,South Africa, Gambia as the Nigerian Economic and Financial Crimes commission closed in on them.

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