Why Yahoo Boys Make More Money Than Politicians – Bago

Hon. Dachung Bago, a house of Representative member representing Jos South/Jos East Federal Constituency, has said that ‘Yahoo yahoo’ boys in Nigeria make more money through cybercrime activities.

The lawmaker who doubles as a member of the House of Representatives Ad-hoc Committee on the rising cases of SIM swap fraud spoke while reacting to EFCC’s revelation of how bank officials partner with cybercriminals wondered at the sophistication with which cybercriminals operates.

Bago urged the anti-graft agency to double effort in fighting fraud while adding that yahoo boys are way ahead in cybercrime and transferring huge sums of money from Bank account illegally.

He shared his disappointment in Nigerians who believe politicians are making a lot, insisting that Yahoo boys make more money cheaply and illegally than politicians.

“A single yahoo boy can transfer huge sums of money equal to the budget of a state at a go.

“They sit down with their laptop transferring money illegally from a bank customer to their own, while politicians cannot have money up to a monthly allocation of a local government in four years. “

The lawmaker urged the EFCC not to spare anyone caught in cybercrime activities, noting that cybercrime laws were sufficient to deal with culprits.