Despite govt clampdown, ‘Yahoo-Yahoo’ thrives in Nigeria

The ‘Yahoo-Yahoo’ business, formally known as cyber fraud in Nigeria’s cybercrime law, is not a new phenomenon in the country.

The illicit business, mostly perpetrated by young men and sometimes women, is an offshoot of the so-called ‘419’ business of the 1980s and 1990s.

The 419 code is derived from a section of the country’s Criminal Act Section 419 (Advance Free Fraud) which frowns at obtaining money from people through pretence or impersonation, cheating, falsification, counterfeiting, forgery and fraudulent representation of facts.

Internet fraud has now been here for decades and does not seem to be declining in spite of the government’s efforts to stem the tide of the crime that has given the country a bad reputation.

Obinwanne Okeke

On the global scale, PREMIUM TIMES reported how Obinwanne Okeke, a.k.a Invictus Obi, a trans-Atlantic cybercriminal, was jailed in the United States of America for 10 years for cyber-related crimes.

Before his arrest by the Federal Bureau of Investigations (FBI) and subsequent prosecution and conviction, Mr Okeke was a rising star within the country’s private sector to the extent that he once graced the front…

Read All From Original Article on Premiumtimes

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