SCARS Institute’s Encyclopedia of Scams™ Published Continuously for 25 Years
Nigeria’s EFCC Will Pay Million Bounty On Yahoo Boys!
Fake News / Urban Legend!
Sorry, it is NOT True – a SCARS Insight
FAKE NEWS: For The First Time, Nigerian Declares All Our War Against Yahoo Boy Scammers!
The Nigerians Are Not Willing To Make Informants Millionaires If They Identify Online Scammers Or Fraudsters!
Of course, this is just another Nigerian Urban Legend! According to SCARS sources in the EFCC: They are NOT using the money they have seized from scammers to do this.
We applaud the idea but would like to see that money returned to the victims of the criminals they have arrested. Until the removal of the previous director, SCARS was in dialog with the Economic & Financial Crimes Commission of Nigeria to do just that and to develop a program for victims’ notifications. Unfortunately, with the change in management, those discussions were suspended awaiting new opportunities.
In A Statement Released Today, The EFCC stated:
Scam Alert: EFCC Not Offering N1m Reward to Yahoo Yahoo Informants
EFCC Press Release
The Economic and Financial Crimes Commission wishes to inform the general public that it has not issued any notice in the social media promising financial reward for anyone with information that could lead to the arrest of a Yahoo Boy.
This clarification became necessary following phone calls by citizens wanting to cash in on notices in the social media by fraudsters promising a reward of One Million Naira (N1, 000,000) for friends, family and relatives of yahoo boys who hand them over to the EFCC.
The promo with #Efcc and #beagoodcitizen states, “If you have a Yahoo Yahoo boy as Family, Friend or Relative, Kindly hand them over to us, and get a Massive reward of 1million naira.”
The Commission wishes to state that this message is alien to the EFCC, and members of the public are enjoined to disregard them.
Promoters of the hashtags are currently under surveillance and every efforts will be made to bring them to justice.While the Commission welcomes information that could lead to the arrest of cybercrime suspects, it has no policy of financial reward for such informants. The fight against corruption and other forms of economic crime is a patriotic duty and Nigerians are encouraged to embrace it with altruism.
The whistle blower policy of the Federal Government which the Commission is among the agencies saddled with its implementation, is applicable only to public sector corruption.
The public is warned that, the Commission will not be responsible for anyone who falls for this obvious scam.
It Is A Great Idea, But Currently, The EFCC Just Sits On The Money It Seizes.
Hopefully, in the near future, the EFCC will listen to the cries of victims and adjust its policies. In the meantime, at least they are diligently working to break their record for the number of arrests.
TAGS: SCARS, Scams, Scammers, Fraudsters, Cybercrime, Crybercriminals, Scam Victims, Online Fraud, Online Crime Is Real Crime, Nigerian Scammers, Nigerian Fraudsters, Yahoo Boys, Yahoo Yahoo, G Boys, Economic & Financial Crimes Commission, EFCC, Nigerian Police, Arresting Scammers, Fraudsters Arrested, Fake News, Urban Legend
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By the SCARS™ Editorial Team
Society of Citizens Against Relationship Scams Inc.
A Worldwide Crime Victims Assistance & Crime Prevention Nonprofit Organization Headquartered In Miami Florida USA & Monterrey NL Mexico, with Partners In More Than 60 Countries
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Table of Contents
- Nigeria’s EFCC Will Pay Million Bounty On Yahoo Boys!
- FAKE NEWS: For The First Time, Nigerian Declares All Our War Against Yahoo Boy Scammers!
- In A Statement Released Today, The EFCC stated:
- Scam Alert: EFCC Not Offering N1m Reward to Yahoo Yahoo Informants
- It Is A Great Idea, But Currently, The EFCC Just Sits On The Money It Seizes.
- PLEASE SHARE OUR ARTICLES WITH YOUR FRIENDS & FAMILY
- By the SCARS™ Editorial Team
Society of Citizens Against Relationship Scams Inc. - The Issue Of Race In Scam Reporting
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A Note About Labeling!
We often use the term ‘scam victim’ in our articles, but this is a convenience to help those searching for information in search engines like Google. It is just a convenience and has no deeper meaning. If you have come through such an experience, YOU are a Survivor! It was not your fault. You are not alone! Axios!
A Question of Trust
At the SCARS Institute, we invite you to do your own research on the topics we speak about and publish, Our team investigates the subject being discussed, especially when it comes to understanding the scam victims-survivors experience. You can do Google searches but in many cases, you will have to wade through scientific papers and studies. However, remember that biases and perspectives matter and influence the outcome. Regardless, we encourage you to explore these topics as thoroughly as you can for your own awareness.
Statement About Victim Blaming
Some of our articles discuss various aspects of victims. This is both about better understanding victims (the science of victimology) and their behaviors and psychology. This helps us to educate victims/survivors about why these crimes happened and to not blame themselves, better develop recovery programs, and to help victims avoid scams in the future. At times this may sound like blaming the victim, but it does not blame scam victims, we are simply explaining the hows and whys of the experience victims have.
These articles, about the Psychology of Scams or Victim Psychology – meaning that all humans have psychological or cognitive characteristics in common that can either be exploited or work against us – help us all to understand the unique challenges victims face before, during, and after scams, fraud, or cybercrimes. These sometimes talk about some of the vulnerabilities the scammers exploit. Victims rarely have control of them or are even aware of them, until something like a scam happens and then they can learn how their mind works and how to overcome these mechanisms.
Articles like these help victims and others understand these processes and how to help prevent them from being exploited again or to help them recover more easily by understanding their post-scam behaviors. Learn more about the Psychology of Scams at www.ScamPsychology.org
Psychology Disclaimer:
All articles about psychology and the human brain on this website are for information & education only
The information provided in this article is intended for educational and self-help purposes only and should not be construed as a substitute for professional therapy or counseling.
While any self-help techniques outlined herein may be beneficial for scam victims seeking to recover from their experience and move towards recovery, it is important to consult with a qualified mental health professional before initiating any course of action. Each individual’s experience and needs are unique, and what works for one person may not be suitable for another.
Additionally, any approach may not be appropriate for individuals with certain pre-existing mental health conditions or trauma histories. It is advisable to seek guidance from a licensed therapist or counselor who can provide personalized support, guidance, and treatment tailored to your specific needs.
If you are experiencing significant distress or emotional difficulties related to a scam or other traumatic event, please consult your doctor or mental health provider for appropriate care and support.
Also read our SCARS Institute Statement about Professional Care for Scam Victims – click here to go to our ScamsNOW.com website.
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