Thursday, Dec 9th 2021 1:06 AM

Market Digest Nigeria


Osinbajo, the Vice President warns ‘Yahoo boys’

Vice President, Yemi Osinbajo has cautioned Nigerian youths against engaging in fraudulent activities, saying “what is the point of making money, yet you can’t sleep.”


Osinbajo said youths should not be distracted by gangs of fraudsters popularly called ‘yahoo boys’.

The Vice President stressed that Yahoo boys would be prosecuted and end up in jail.

Delivering the first convocation lecture of Kola Daisi University, Ibadan, Oyo State, Osinbajo said rather than allow Yahoo boys distract them, youths should try to access the various programmes set up by the Federal Government and the Central Bank of Nigeria to support young entrepreneurs.

He disclosed that a lot of Nigerian youths have made it without fraudulent practices.

He said:”Don’t be distracted by the yahoo yahoo boys that are coming up one day with fancy cars. Their days are always numbered.

“They will go to jail one day. The point, of course, is that what is the point of making money when you can’t sleep well at night.

“But you must find out about the support that is available either from the private sector or public sector. For example, the Federal Government has established a N75 billion National Youth Investment Fund. This provides financial support for small businesses in any field.”

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