EFCC Says Landlords Giving Out Houses to Yahoo Boys Risk 15-Year Jail Term (video)

EFCC Says Landlords Giving Out Houses to Yahoo Boys Risk 15-Year Jail Term

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 stern warning to landlords.

Give Your House To Yahoo Boys, Spend 15 Years In Prison is the discussion’s theme. CLICK HERE TO WATCH THE VIDEO.

Remember how the EFCC stated in a report from September of last year that the Lekki neighborhood in Lagos State is the favorite site for all types of cyber fraud syndicates?

The rent in Lekki is also on the high side because the fraudsters pay any rate to rent a property there.

EFCC zonal commander, Michael Nzekwe, had expressed concern about the “cold complicity by hospitality entrepreneurs with Yahoo Boys.”

Nzekwe accused some of them of working with suspected fraudsters by housing them over a long period and making internet facilities available.

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,” he said.

On the argument that hoteliers are business people and cannot determine who a fraudster is, Nzekwe explained the law doesn’t recognise the position.

The EFCC told them to always ask their customers for means of identification and to include their occupation during the check-in procedures.

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