metro
EFCC blames Yahoo boys for harsh visa rules against Nigerians
EFCC Blames Yahoo Boys for Harsh Visa Rules Against Nigerians
The Economic and Financial Crimes Commission (EFCC) has said the surge in internet fraud is directly responsible for the tightening of visa rules against innocent Nigerians abroad.
The EFCC Chairman, Ola Olukoyede, warned that fraudulent practices are not only wrecking the future of those involved but also damaging Nigeria’s reputation.
He said the development is forcing other nations to impose tougher travel conditions on law-abiding citizens.
Olukoyede, represented by Chief Superintendent of the EFCC, CSE Coker Oyegunle, spoke at an event in Port Harcourt, Rivers State, organised by the Coalition of Nigerian Youth on Security and Safety Affairs.
In a statement issued by the commission on the event, the anti-graft czar warned about the long terms consequences of Internet fraud.
The EFCC noted that internet fraud, money laundering and economic sabotage cost Nigeria billions of naira annually, stifle national growth and rob citizens of jobs, infrastructure and opportunities.
READ ALSO:
- Saudi Arabia frees 3 Nigerian pilgrims detained over alleged drug trafficking
- NAHCON clarifies 2025 Hajj account reconciliation
- NYSC to mobilise over 650,000 graduates for national service
“Beyond the economic damage, the crimes erode Nigeria’s image and subject innocent Nigerians to harsher visa restrictions abroad,” the statement read.
He urged young Nigerians to redirect their energy into innovation, entrepreneurship, agriculture and the creative industry rather than waste it on cybercrime.
Olukoyede stressed that “Fraud is not success; it is a trap. Easy come, easy go. Many who follow the path of ‘yahoo-yahoo’ end up losing their freedom, reputation and future. The law is catching up with them and digital footprints never disappear. Don’t destroy your tomorrow with shortcuts today.”
The EFCC chairman also reaffirmed the commission’s commitment to intensifying sensitisation, enforcement and collaboration with communities in tackling cybercrime.
At the event, a representative of the National Drug Law Enforcement Agency, Mathew Ewah, warned that drug abuse remains one of the gravest threats to Nigerian youths, while the Nigeria Security and Civil Defence Corps cautioned against pipeline vandalism in the South-South.
The EFCC has recently stepped up its clampdown on internet fraud nationwide.
In August, its Lagos Zonal Directorate 1 arrested 38 suspected fraudsters at Mambillah Hotel, Ikorodu, Lagos, after days of surveillance. Recovered items included vehicles, mobile phones and substances suspected to be narcotics.
In July, the United States announced a revision to its visa reciprocity schedule for Nigeria, cutting the validity of certain non-immigrant visas to three months and restricting them to single entry.
The affected categories include B1/B2 visas for business and tourism, and F and J visas for students and exchange visitors.
EFCC Blames Yahoo Boys for Harsh Visa Rules Against Nigerians
![]()
metro
Tinubu’s order: EFCC lifts freeze on Osun government accounts
Tinubu’s order: EFCC lifts freeze on Osun government accounts
The Economic and Financial Crimes Commission (EFCC) has lifted the restriction on Osun State Government bank accounts after President Bola Ahmed Tinubu directed the agency to vacate the order.
The affected accounts, held with First Bank of Nigeria and Zenith Bank, are now operational, according to confirmations from both the Presidency and an aide to Osun State Governor Ademola Adeleke.
A Senior Special Assistant to the President on Media and Publicity, Temitope Ajayi, confirmed that the restriction had been removed, saying the EFCC could not disregard the President’s directive.
“The lien has been lifted. EFCC cannot ignore the presidential order. I can confirm to you that it was done immediately,” Ajayi said.
An aide to Governor Adeleke, who spoke on condition of anonymity, also confirmed that the Post No Debit (PND) restriction had been vacated and that the state government’s accounts were functioning again.
The EFCC had imposed the restriction on August 5, 2026, as part of an investigation into the alleged fraudulent handling of about N11 billion in Ecology Funds, Intervention Funds and allocations from the Federation Account Allocation Committee (FAAC).
The commission said the investigation had been ongoing since March 2026 and was aimed at preventing the alleged diversion of public funds.
The decision to restrict the accounts, however, generated significant controversy because it came shortly before the August 15 Osun State governorship election.
READ ALSO:
- IPOB Accuses UK of Hypocrisy Over Israel Stance, Demands Kanu’s Release Following UN Ruling
- Enugu ADC Chairman Found Dead Near Residence in Suspected Murder
- N3.14 Trillion Spent on Electricity Subsidy in 31 Months – FG
The timing prompted allegations from the Osun State Government and its supporters that the EFCC action was politically motivated and intended to weaken Adeleke ahead of the election. The commission rejected the allegations and maintained that its action was connected to an ongoing financial investigation.
The dispute escalated after the President intervened and directed the EFCC to take steps to vacate the restriction.
Tinubu expressed concern about the timing of the action and its potential implications for public confidence in the electoral process, while also maintaining that anti-corruption agencies should carry out their responsibilities professionally.
The account restriction had also triggered a legal battle between the Osun State Government and the EFCC.
The state government approached the Federal High Court in Abuja to challenge the restriction and sought N2 billion in damages, arguing that the EFCC’s action unlawfully interfered with the state’s access to its funds.
The legal dispute changed following Tinubu’s intervention and the subsequent lifting of the restriction.
After being declared winner of the governorship election, Adeleke directed the Osun State Attorney-General and Commissioner for Justice, Oluwole Jimi-Bada, SAN, to withdraw the suit against the EFCC.
Adeleke said the President’s intervention had addressed the immediate dispute and that there was therefore no need to continue with the case.
With the accounts now operational, the immediate confrontation between the Osun State Government and the EFCC appears to have eased.
However, the lifting of the account restriction does not necessarily mean that the underlying investigation has been discontinued. The EFCC’s earlier allegations concerning the handling of about N11 billion remain separate from the decision to restore access to the accounts.
The development has also renewed discussions about the relationship between anti-corruption agencies and elected governments, particularly when financial investigations take place close to major elections.
For the Osun State Government, the restoration of access to its accounts removes an immediate financial constraint and allows the state to continue accessing funds required for government operations.
For the EFCC, the development means the financial investigation, if still ongoing, would have to proceed through the appropriate legal and investigative channels without the earlier account restriction.
Tinubu’s order: EFCC lifts freeze on Osun government accounts
![]()
metro
IPOB Accuses UK of Hypocrisy Over Israel Stance, Demands Kanu’s Release Following UN Ruling
IPOB Accuses UK of Hypocrisy Over Israel Stance, Demands Kanu’s Release Following UN Ruling
![]()
metro
Enugu ADC Chairman Found Dead Near Residence in Suspected Murder
-
metro2 days agoPalace Chaos: Police Say Cultists Targeted Davido, Not Gov Adeleke, in Deadly Osogbo Shooting
-
Auto3 days agoNew Mercedes-Benz Atego’s technology, performance raise benchmark in Nigeria’s truck business
-
Business3 days agoFuel subsidy: FG records N20.4tn extra resources, spends N30.6tn, says Oyedele
-
metro2 days agoPFIPC Scandal: Tinubu Orders Forensic Probe as ICPC Uncovers Multiple Fake Agencies
-
Politics3 days ago2027: Peter Obi lost his chance when he left ADC for NDC – Fayose
-
News2 days agoTinubu orders transfer of EFCC cash recoveries, N242bn unclaimed dividends to NELFUND
-
Politics2 days agoAtiku Dismisses Obasanjo’s Political Clout, Says Ex-President Has ‘No Electoral Value’
-
metro1 day agoHistory in Makkah: Nigerian Teen Wins Prestigious Qur’anic Contest, Breaks 46-Year Gender Barrier
