Acting Chairman of the Economic and Financial Crimes Commission (EFCC) Ibrahim Magu, is lamenting that mothers of suspected internet fraudsters (popularly referred to as Yahoo Boys in street parlance) have formed an association to burnish the reputation of their children and provide them ample moral support.
“We are looking at how we can rehabilitate the Yahoo Boys; these are young boys, who have graduated, who are in the university. We want to see how we can sensitise them; how we can make them know that the Yahoo Yahoo business is wrong,” Magu said during an interactive session with stakeholders in Lagos on Thursday, October 31, 2019.
“And we are also appealing to their mothers. The parents of these children, they have actually formed an association of Yahoo Yahoo Mothers’ Association – Yes; they are there – Association of Mothers of Yahoo Yahoo Boys.
Nigerian internet fraudsters dubbed “Yahoo Boys” post fake profiles on gay dating sites then force the victim to pay money for their silence (AFP)
“Some of them will say the father did not do anything; these boys came, demolished the house and put up a new structure. If you see the cars that we have recovered, you will think that we are in the car business. These are all Yahoo Yahoo. All brands of cars – Jaguar, Rolls Royce,” Magu added.
Auctioning Diezani’s jewelry
Magu also said some of the proceeds of corruption, especially those retrieved from the homes of former Petroleum Resources Minister Diezani Alison-Madueke,
will be auctioned at the right price.
“We want to make sure that there’s transparency in the process. Like what we’re doing now in Port Harcourt. There are about 242 trailers and tankers that we are about auctioning. In fact, in the next two weeks, we will auction them. We will advertise, you will see it very clearly,” he said.
“The idea of selling recovered proceed of crime for peanuts is bad. This time around, we are not going to tolerate it.