Yahoo Boys Damaging Nigeria’s Global Reputation and Tightening Visa Rules, Says EFCC

The Economic and Financial Crimes Commission (EFCC) has stated that the rise in internet fraud is contributing to stricter visa restrictions for Nigerians seeking to travel abroad. EFCC Chairman Ola Olukoyede warned that these criminal activities are not only ruining the lives of those involved but also harming Nigeria’s international image. This damage to the country’s reputation is causing foreign governments to impose tighter travel conditions on innocent citizens.

Olukoyede explained that internet fraud, money laundering, and other economic crimes cost Nigeria billions of naira each year. These losses hinder national development and reduce access to jobs, infrastructure, and opportunities for ordinary Nigerians. Beyond the financial impact, these crimes strain the country’s diplomatic relations and lead to practical consequences like visa restrictions.

The EFCC chairman urged Nigerian youth to pursue legitimate ventures such as digital innovation, entrepreneurship, agriculture, and creative industries instead of cybercrime. He emphasized that fraud ultimately traps those who engage in it, leading to loss of freedom, reputation, and future prospects. Olukoyede reminded young people that digital footprints are permanent and that the law eventually catches up with offenders.

This warning comes after the United States reduced the validity of certain non-immigrant visas for Nigerians to just three months with single-entry provisions. The affected categories include business, tourism, student, and exchange visitor visas. These changes reflect growing international concern about fraudulent activities originating from Nigeria.

The EFCC has committed to intensifying its efforts through public awareness campaigns, stronger enforcement measures, and improved community collaboration. The agency aims to combat cybercrime more effectively and help restore Nigeria’s standing in the global community. Other security agencies, including the NDLEA and NSCDC, have joined in calling for greater respect for the law among Nigerian youth.