The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has warned Nigerian students against engaging in internet fraud, popularly known as ‘Yahoo Yahoo’, describing it as a pathway to misery, not a shortcut to wealth.
Speaking through the Head of Public Affairs, Benin Zonal Directorate, ACE I Williams Oseghale, the EFCC boss gave the charge at a one-day symposium themed “Safe Campus for Students: Combating Physical and Digital Threats”, organised by the National Association of Nigerian Students, Joint Campus Council (NANS JCC), Ambrose Alli University, Ekpoma.
“There is no shortcut to wealth and fame. Acts of criminality might deliver wealth in the short term but ultimately, there will be misery and gnashing of teeth. We are calling on youths to shun Yahoo Yahoo, as it is not a sustainable way of life,” Oseghale stated.
Use the Internet for Positive Things, Olukoyede Charges Students⁰
The Executive Chairman of the Economic and Financial Crimes Commission, Mr. Ola Olukoyede has charged Nigerian students to use the internet for positive ventures and not for fraud.⁰
He gave the charge at a one… pic.twitter.com/5e91tSGjuR— EFCC Nigeria (@officialEFCC) June 23, 2025
Olukoyede lamented the growing trend of internet fraud among youths, warning that the consequences are severe both for the individuals involved and for the nation at large.
He emphasised that such crimes damage Nigeria’s image, scare away foreign investment, and sabotage the country’s developmental goals.
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The anti-graft agency chairman urged students to harness the internet for productive and innovative ventures rather than criminal activities, adding that they must become part of the solution.
“The youth should evolve ideas and perspectives that can birth economic growth and development.
“Rather than engaging in cybercrime that destabilises the economy, students must become change agents and active foot soldiers against corruption, even serving as whistle-blowers and intelligence gatherers,” he said.
The event also featured remarks from Professor Sunday Olowo Samuel, Acting Vice Chancellor of Ambrose Alli University, who commended the EFCC and other facilitators for their contributions to the event.
“A safe campus environment is the foundation upon which academic excellence, personal growth, and future successes are built. It is our collective responsibility to ensure that our institutions are havens of learning, free from physical and digital threats,” he said.
On his part, NANS JCC Chairman, Ojumoola Miracle Timileyin, expressed appreciation to the Commission for enlightening the students.
“It was truly an honour to have you with us, and your impact was deeply felt by all participants,” he said.
The symposium brought together stakeholders, students, and campus leaders committed to promoting safety and integrity in Nigeria’s higher institutions.
