Hon. Dachung Bago representing Jos South/Jos East Federal Constituency in the House of Representatives, claims that ‘Yahoo Boys‘ makes more money through cybercrime activities than politicians in Nigeria.
Mr. Bago, who is a member of the House of Representatives Ad-hoc Committee on the increasing incidents of SIM swap fraud, asked the Economic and Financial Crimes Commission (EFCC) to double its effort in tackling the menace of fraud.
He lamented that yahoo boys are way ahead in cybercrime and transferring huge sums of money from Bank account illegally.
The lawmaker lashed at Nigerians for always accusing politicians, insisting that Yahoo boys makes 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. ”
Hon. Dachung Bago urged the EFCC not to spare anyone caught in cybercrime activities, noting that cybercrime laws were sufficient to deal with culprits.