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Give Your House To Yahoo Boys, Spend 15 Yrs In Jail – EFCC To Landlords

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  • EFCC to landlords: Rent house to yahoo boys, risk 15-year jail term
  • …EFCC had repeatedly warned house owners and commercial real estate agents against making properties available to cyber criminals and fraudsters.

EDITOR’S PICK:

EKO HOT BLOG reports that Landlords are being strongly cautioned by the Economic Financial Commission Commission (EFCC) that renting their houses to “Yahoo guys” could result in a 15-year prison sentence.

The Commission announced this in advance of the following discussion in its public conversation series, known as “#EFCCConnect,” which is scheduled to take place on Wednesday, June 29, 2022, at 6 p.m. on Twitter Space.

At the forum, Sylvanus Tahir, the deputy director of legal and prosecution for the commission, and Cosmos Ugwu, the assistant director of legal and prosecution, will discuss the topic “Give your house to Yahoo boys, spend 15 years in jail.”

Recall that the EFCC frequently cautioned property owners and commercial real estate agents to avoid making their properties available to fraudsters and cybercriminals?

Abdulrasheed Bawa, the chairman of the EFCC, previously visited with hotel owners in Ilorin, the capital of Kwara, to inform them of how to cooperate with the Commission to stem the flow of cybercrimes.

Michael Nzekwe, the EFCC Zonal Commander, voiced worry over what he called the “cold complicity by hotel entrepreneurs.”
Nzekwe accused some of the hotel owners of working with suspected fraudsters by housing them over a long period and making internet facilities available.

The official stated that the act negates Section 3 of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006.

He said, “The section provides for a prison term of between five and 15 years without option of fine for any person who permits his premises to be used for any offense under the Act.”

FURTHER READING 

Nzekwe stated that the law doesn’t recognise the position that hoteliers are business people and cannot determine who a fraudster is.

The EFCC had warned hoteliers to always ask their customers for means of identification and to include their occupation during the check-in procedure.

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