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Informal networks are vital to the young scamsters’ success.

These networks revolve around banks, security agencies, co-fraudsters and, sometimes, families.

Many of these fraudsters – dubbed “yahoo-boys” – have become filthy rich. In April 2012, Olasaidi Dare, an undergraduate of the Olabisi Onabanjo University in Ago-Iwoye, was sentenced to five years’ imprisonment for an attempt to obtain money under false pretences in a cyber-café.

On June 5 2012, a Federal High Court in Kaduna State sentenced Imonina Kingsley, of the University of Ilorin, to 20 years’ imprisonment.

He defrauded an Australian of US

Informal networks are vital to the young scamsters’ success.These networks revolve around banks, security agencies, co-fraudsters and, sometimes, families.Many of these fraudsters – dubbed “yahoo-boys” – have become filthy rich. In April 2012, Olasaidi Dare, an undergraduate of the Olabisi Onabanjo University in Ago-Iwoye, was sentenced to five years’ imprisonment for an attempt to obtain money under false pretences in a cyber-café.On June 5 2012, a Federal High Court in Kaduna State sentenced Imonina Kingsley, of the University of Ilorin, to 20 years’ imprisonment.He defrauded an Australian of US$1,000 by presenting himself as a gay person from the Republic of Benin.He was charged for impersonation, possession of fraudulent documents and attempting to obtain money by false pretences.

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Informal networks are vital to the young scamsters’ success.

These networks revolve around banks, security agencies, co-fraudsters and, sometimes, families.

Many of these fraudsters – dubbed “yahoo-boys” – have become filthy rich. In April 2012, Olasaidi Dare, an undergraduate of the Olabisi Onabanjo University in Ago-Iwoye, was sentenced to five years’ imprisonment for an attempt to obtain money under false pretences in a cyber-café.

On June 5 2012, a Federal High Court in Kaduna State sentenced Imonina Kingsley, of the University of Ilorin, to 20 years’ imprisonment.

He defrauded an Australian of US$1,000 by presenting himself as a gay person from the Republic of Benin.

He was charged for impersonation, possession of fraudulent documents and attempting to obtain money by false pretences.

Hitherto, internet fraud was carried out at public cafés.

However, with regular raids on these internet cafés and the arrest of suspected fraudsters by the police, the “yahoo boys” have simply moved their bases.

,000 by presenting himself as a gay person from the Republic of Benin.

He was charged for impersonation, possession of fraudulent documents and attempting to obtain money by false pretences.

Hitherto, internet fraud was carried out at public cafés.

However, with regular raids on these internet cafés and the arrest of suspected fraudsters by the police, the “yahoo boys” have simply moved their bases.

A third-year student said to me: I started online fraud in my second semester of 100 level [a session comprised of two academic semesters in Nigerian universities] as an impostor via online dating.Working in an insecure establishment makes workers vulnerable.More than 2,000 bankers have lost their jobs due to economic recession in the country.Then I looked for the profile of people that live in developed countries.But if it is in Nigeria, I look for people who live in places like Port Harcourt, Abuja [luxury suburbs].

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