Yahoo Boys Seen “Praying” For Blessings At Shrine in Uromi Edo State (VIDEO)

In a surprising twist of event, some yahoo boys in Edo State have been caught on camera praying to at a shrine for more blessings.

The ‘Yahoo-Yahoo’ industry, also classified as cyber fraud under Nigerian law, is not a new problem in the country.

The illegal activity, which is largely carried out by young men and women, is an evolution of the 1980s and 1990s’ so-called ‘419’ venture.

The 419 code is based on Section 419 (Advance Free Fraud) of the country’s Criminal Act, which prohibits acquiring money from people via deception or misrepresentation, deceit, fabrication, forgery, forgery, or dishonest representation of facts.

Despite the government’s efforts to halt the stream of the criminality that has earned the country a terrible name, Internet fraud has been there for decades and does not appear to be reducing.

The boys in the video did not care about a thing in the world when they were seen praying for blessings.

In other news, The European Union has sounded a word of caution that people who invest in cryptoassets run the risk of losing all of their money and succumbing to fraudsters.

The European Union’s securities, banking, and insurance watchdogs issued a joint statement on Thursday, March 17 intimating that crypto consumers have no guarantees or access to reimbursement under current EU financial services law.

READ ALSO: I Slept With My Baby Daddy In A Hospital Ward, I Begged The Nurse – Ghanaian Lady Reveals

It is the latest in a series of direct warnings from EU authorities to customers about cryptoassets, as financial regulators become overwhelmingly concerned that more people are purchasing 17,000 different cryptoassets, including bitcoin and ether, which contribute to 60% of the market share, without fully understanding the potential dangers involved in spite of the positive advertisement it portrays.

The three EU authorities said in a statement: “Consumers face the very real possibility of losing all their invested money if they buy these assets,”

Source: PressInformant