ANALYSIS: Despite govt clampdown, 'Yahoo-Yahoo' thrives in Nigeria
6 min read The ‘Yahoo-Yahoo’ business, formally known as cyber fraud in Nigeria’s cybercrime law, is not a new phenomenon in the country. The illicit business, mostly perpetrated by young men and sometimes women, is an offshoot of the so-called ‘419’ business of the 1980s and 1990s. The 419 code is derived from a section of the country’s Criminal Act Section 419 (Advance Free Fraud) which frowns at obtaining money from people through pretence or impersonation, cheating, falsification, counterfeiting, forgery and fraudulent representation of facts. Internet fraud ha...
Source: premiumtimesng.com