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A fifth-year student stated that the fear of the unknown may have attracted a number of students to “yahoo-yahoo” rather than waiting for after-school unemployment.
They see internet fraud as a creative outlet in a country like Nigeria.
Many of these fraudsters – dubbed “yahoo-boys” – have become filthy rich. In April 2012, Olasaidi Dare, an undergraduate of the Olabisi Onabanjo University in Ago-Iwoye, was sentenced to five years’ imprisonment for an attempt to obtain money under false pretences in a cyber-café.
On June 5 2012, a Federal High Court in Kaduna State sentenced Imonina Kingsley, of the University of Ilorin, to 20 years’ imprisonment.
He was charged for impersonation, possession of fraudulent documents and attempting to obtain money by false pretences.
Then I looked for the profile of people that live in developed countries.
But if it is in Nigeria, I look for people who live in places like Port Harcourt, Abuja [luxury suburbs].
Working in an insecure establishment makes workers vulnerable.
More than 2,000 bankers have lost their jobs due to economic recession in the country.