EFCC Issues Warning To Nigerians, Yahoo Boys

The Economic and Financial Crimes Commission, (EFCC), has advised Nigerians over money doublers.

The agency warned people to avoid unregistered banks, businesses wihout offices, adding that no one; even politicians are not exempted from being arrested if found committing any economic and financial crimes.

The anti-graft agency issued the warning during a question and answer section on its verified Twitter page on Sunday.

The post read: “Nigerians beware of wonder banks, beware of “Money doublers”!

“Flee from business entities with no office location! Don’t be pushed by greed!

“It is better to act wisely than to regret action. We also have what it takes to arrest and prosecute ANY Nigerian politician who has committed economic and financial crimes.”

EFCC added that Yahoo boys are a ‘Curse’ to Nigeria henceforth will continue to be hunted until they desist from fraudulent act.

“Yahoo boys are actually A “CURSE” to the country and need to be stopped spreading at once
“For purpose of education and information, internet fraud is a form of cyber crime punishable under several Sections of the Cyber Crimes (Prohibition Prevention, etc) Act, 2015.

A jail term of 7 years awaits the convict or a fine of N5m,” the post added.

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