Yahoo Boys behind tougher visa restrictions on Nigerians – EFCC

The Economic and Financial Crimes Commission has warned that the growing number of cases of internet fraud is causing visa limitations for innocent Nigerians overseas.

The EFCC Chairman, Ola Olukoyede, stated that fraudulent practices not only harm the futures of those engaged, but also tarnish Nigeria’s international reputation, resulting in tougher travel restrictions for law-abiding residents.

Olukoyede, who was represented by the Chief Superintendent of the EFCC, CSE Coker Oyegunle, gave the charge on Monday at an event in Port Harcourt, Rivers State, organised by the Coalition of Nigerian Youth on Security and Safety Affairs.

His statement was contained in a release issued by the commission on Tuesday.

“The EFCC boss highlighted that internet fraud, money laundering, and economic sabotage cost Nigeria billions of naira annually, undermining national growth and depriving citizens of infrastructure, jobs, and opportunities.

“Beyond the economic damage, he pointed out that the crimes erode Nigeria’s international image and subject innocent Nigerians to stricter visa restrictions abroad,” the statement read.

He urged young people in the South-South and across the country to channel their energy into productive ventures such as digital innovation, entrepreneurship, agriculture, and the creative industry.

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