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EFCC warns landlords renting homes to Yahoo Boys run the risk of a 15-year jail term.

EFCC warns landlords renting homes to Yahoo Boys run the risk of a 15-year jail term.

The Economic and Financial Crimes Commission (EFCC) has issued a strong warning to property managers and hotel owners who host fraudsters also known as Yahoo Boys.

According to Nigeria’s Economic and Financial Crimes Commission, landlords who lease their properties to Yahoo Boys, or other online fraudsters, run the danger of receiving a 15-year prison sentence. The anti-corruption organization added that hotel owners that host fraudsters suffer the same consequences.
An e-flier for a Twitter Space debate that the EFCC was going to organize on June 29 featured a severe warning to landlords. Give Your House To Yahoo Boys, Spend 15 Years In Prison is the discussion’s theme. Remember how the EFCC claimed in a report from September of last year that the Lekki neighborhood in Lagos State is a preferred site for various cyber fraud syndicates?

Read also: “What About Yahoo Rulers?” – Erigga

Yahoo Boys

Yahoo Boys are to blame for the rise in rent. Lekki, a posh district of Lagos, has seen an increase in rent as a result of the con artists who will pay any fee to rent a property there. TheNiche claims that Michael Nzekwe, the zonal commander of the EFCC, raised worry regarding “cold cooperation of hospitality businesses with Yahoo Boys.” Nzekwe accused some of them of collaborating with alleged fraudsters by providing them with long-term housing and internet access.

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

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

Nzekwe clarified that the law does not recognize the position of the claim that hoteliers are business people and cannot identify a fraudster. The EFCC instructed them to always request proof of identification from their guests and to ask about their job during the check-in process.

Gistlux Nelson

David is an Entertainment, Sport blogger and a Graphics designer. He is on a mission to help everyday entertainment news, Gossips, Sports and Legit online making tips.

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