Yahoo Boys: Suspected fraudsters seen throwing money into dirty river during ritual

Yahoo Boys: Suspected fraudsters seen throwing money into dirty river during ritual

A group of internet fraudsters colloquially identified as yahoo boys were seen throwing money into a dirty river while they were chanting a word of prayer.


The suspected yahoo boys could be seen chanting and spraying cash while taking turns to wash their faces with the water.


Specifically, a yahoo boy is a colloquial term used to refer to an internet fraudster or someone who executes fraudulent act.


In this part of the world, a handful of Nigerian youths have either contemplated engaging in internet fraudulence or are actively involved in the practice. Equally important, several internet fraudsters spend a lot of time, researching the company or agency they wish to impersonate.


They usually recreate an online auto website or platform similar to that of popular car dealers. After creating the platform, they will target the platform of their prospective victims.


ALSO READ: Gideon Okeke issues stern warning to ‘Yahoo boys’


In the video making the rounds online; a group of suspected yahoo boys were captured throwing money into a dirty river as they made a prayer. Their actions seemed to be part of a ritual targeted at promoting their illicit trade.


Watch the video below.



A number of young Nigerians have been caught up in the nefarious Yahoo act. Indeed, there is a growing wave of reported cases bordering on cyber-crime among the youths.

In 2019, a young Nigerian billionaire and entrepreneur, Obinwanne Okeke was arrested by the Federal Bureau of Investigations (FBI). Okeke was accused of conspiracy to commit fraud running into the sum of 12 million US dollars. Strangely, Okeke has been one of the most highly-rated young entrepreneurs out of Nigeria.


The young man is acclaimed as the founder of the Invictus Group.


In 2016, he was named by Forbes as one of ‘30 Entrepreneurs Under 30 to Watch’. He was also listed among 100 Most Influential Young Africans 2018 which included Davido, Falz, Ahmed Musa.


Prior to founding Invictus Group, he assisted with founding and running other entrepreneurial establishments.


He holds a Bachelors and a master’s degree (MA) in International Relations and Counter-Terrorism (cum laude) from Monash University, Australia.





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