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Nigeria’s Reputation Sullied by “Yahoo-Yahoo” – EFCC Boss
The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said that internet fraudsters, popularly known as yahoo-yahoo boys, are bringing national shame to the country.
Olukoyede made this known during a media briefing on Monday at the agency’s headquarters in Abuja.
According to him, Yahoo-Yahoo boys have given every Nigerian the opportunity to be seen as a clean person before immigration officers around the world.
“I want Nigerians to know that we are having a crisis on our hands. If you travel abroad with your green passport and stand in the queue among so many people, you will discover that by the time you present the passport, the people (immigration officers) will look at you with some reservation. That is, if they don’t take you aside to carry out some special scrutiny. That is a national shame that some young Nigerians (yahoo-yahoo boys) have caused for us.
“I go out to interact with my counterpart and other government agencies abroad in the course of tracing money and recovering assets. And there are things that it would be difficult for you to defend. We recently arrested groups of young men, and people no longer believe in hard work. I’m from a state where education is our pride. If you go to the secondary school that I attended, by 12 noon, the students have left school,” he said.
Expounding further on the atrocities of the fraudsters, the EFCC chairman stressed that they are involved in banditry and kidnapping when their unsuspecting victims do not cooperate.
He also noted that they were involved in laundering money for politically-exposed persons in government or out of government.

“The most dangerous aspect of it is not just about yahoo-yahoo, some of these guys are into banditry, kidnapping. When they don’t see people to scam on time, they resort to these vices. Some of them launder money for politically exposed persons. Don’t just see them as yahoo-yahoo boys anymore; the traditional way of stealing money is not applicable anymore.
“When they (politically-exposed persons) steal money in billions, they give it to these boys, they open crypto wallets, and from there, the money goes abroad. Most of these politically exposed persons identify these boys, lodge them in the hotel, the boys open accounts for them and take the money abroad to buy cars, houses and other luxury items.
“Nigerians should look at them beyond just yahoo-yahoo. We arrested a 22-year-old; he had a turnover of over N5 billion within 18 months. We discovered that he laundered money for politically exposed people. A boy who has never worked in his life. They used them to steal government money now. They do ritual killings. They are also involved in cybercrime. You see them in hotels and in groups trying to scam people. You see secondary school students driving vehicles. Are those the people we want to hand Nigeria over to? Is that the nation we want to build?”
Recall that in May, Olukoyede said that upon his assumption in office, his agency had recovered over N365.4bn and secured 4,111 convictions in 2024.
He disclosed this in Uyo, Akwa Ibom State, at the end of a three-day Retreat for Directors with the theme “EFCC: The Journey So Far, Ensuring Professionalism and Integrity.”
Olukoyede, in a statement by the commission’s spokesperson, Dele Oyewale, attributed the feat achieved to the commitment, sacrifices and dedication of staff, promising to surpass the record in 2025.
“In 2024, the commission secured 4,111 convictions and hauled monetary recovery of over N365.4billion. The EFCC’s boss appreciated the sacrifice, hard work, and discipline, and called for increased dedication to surpass the records of 2024 and greater commitment to the integrity of processes in the agency,” the statement read.
The chairman emphasised the need to uphold professionalism and integrity in the fight against corruption, adding that the EFCC’s workforce would turn out to be a critical mass of honest, highly motivated and effective team.
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BLACK MONDAY: Top Nigerian Military Officers, Others Feared Die in Plane Crashes
Many people are feared to have lost their lives as a military aircraft with tail number NGR 931, en route Lagos from Benin, crashed in the Igbokoda axis of Ilaje Local Government Area of Ondo State on Monday.
The Ondo State Police Command Spokesperson, DSP Abayomi Jimoh, who confirmed the incident to journalists in Akure, noted that details surrounding the incident are still emerging, as efforts to establish the full circumstances continue.
Jimoh said: “The Command urges members of the public, particularly residents of Igbokoda and adjoining communities, to remain calm and refrain from circulating unverified information.”
He stated further that the public will be duly informed as soon as further credible information is available.
Also, a statement by the Aviation Minister, Festus Keyamo, said that all efforts to raise the aircraft on radio proved abortive.
According to him, the wreckage has been located, and search and rescue operations are ongoing.
Preliminary information suggests that there were 25 passengers and 7 crew members on board.

“Whilst the control and regulation of military aircraft are completely outside the authority of the Ministry of Aviation, and Civil Aviation Authority, I have just spoken to the Chief of Air Staff, Air Marshal Sunday Kelvin Aneke and pledged our total cooperation and assistance in the search and rescue efforts ongoing”, Keyamo added.
The identity of the helicopter and the persons on board are yet to be ascertained as of the time of this report.
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BREAKING: Grief as Prominent Monarch Dies
The Olubosin of Ifetedo in Ife South Local Government Area of Osun State, Oba Akinola Oyetade Akinrera (Latiiri I), has reportedly joined his ancestors.
Oba Akinrera, the fourth Olubosin of Ifetedo Kingdom, reportedly died on Friday, although the palace has yet to issue an official statement confirming his death.
The monarch ascended the throne in 2018 and was widely regarded by indigenes as a highly respected traditional ruler.
Before his emergence as monarch, Oba Akinrera, a lawyer and public servant, had worked in different capacities, including as a teacher, police officer and staff member of the Nigerian National Petroleum Corporation (NNPC).
He joined the Nigeria Police Force in 1988 and served until 1992, when he joined the NNPC in Lagos.
Born into the Ifetedo community, the late monarch attended CAC Primary School, Ipetumodu, before proceeding to Ifetedo Grammar School for his secondary education.
He later attended the Oyo State College of Education, which subsequently became the Osun State College of Education, Ilesa, and is now the University of Ilesa.
In 1993, he proceeded to Lagos State University, Ojo, where he obtained a Diploma in Law. He subsequently gained admission to the University of Lagos in 1997 to study Law and graduated in 2004.
Following his reported death, tributes have continued to pour in from indigenes and residents of Ifetedo, with social media platforms awash with condolence messages mourning the monarch.

Many of the messages described Oba Akinrera as a respected traditional ruler whose reign contributed to the development and unity of Ifetedo Kingdom.
As of the time of filing this report, the palace had not officially announced the monarch’s death or released details regarding his burial arrangements.
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‘Camp Is Mined With IEDs’ – Imo CP Gives Fresh Update On Abducted NYSC Members
The Imo State Police Commissioner of Police, Audu Garba Bosso, has revealed that security operatives have identified the location where 19 prospective National Youth Service Corps members abducted in the state are being held.
This comes two days after gunmen abducted prospective corps members travelling from Ibadan, Oyo State, to orientation camps in Abia and Akwa Ibom states.
The victims were travelling in two buses when the attackers struck along the Owerri-Onitsha Road in the Umunoha area of Imo State on Thursday.
Naija News reports that Bosso, while giving an update on the search-and-rescue operation in a media interview on Saturday, said security operatives have delayed moving into the camp over fears that it is planted with improvised explosive devices.
Bosso said the police used drones on Friday to locate the suspected camp after security operatives trailed the abductors into the bush, but the security agencies were being cautious because intelligence indicated that the camp had been mined with IEDs.
According to him, the security agencies were preparing to move into the area with heavy equipment, including bulldozers and armoured personnel carriers, in an effort to rescue the victims safely.
He said, “Any moment, we’ll still move into the bush. Yesterday, we were in the bush, we trailed them up to a particular location.

“But at that point in time, we couldn’t move in to where the coordinate showed us where they are because we ran drones yesterday. And the drone actually showed us exactly their location.
“But our predicament is that with the intel we have, the IED is the camp is mined with IEDs.
“We are moving in there with high, you know, high-velocity vehicles, that is, bulldozers, we’re moving in with bulldozers and APCs to see how we’re going to rescue these victims unhurt.”
