A young Nigerian man has sparked reactions online after claiming that many alleged internet fraudsters, popularly known as “Yahoo boys,” are now facing financial difficulties and are being forced to sell off their properties in order to survive the current economic realities.
In a trending video circulating on X (formerly Twitter), the man alleged that several individuals who once lived lavish lifestyles from fraudulent activities are now struggling to maintain the same standard of living. According to him, the situation is particularly noticeable in Asaba, Delta State, as well as in other parts of the country where many young people previously displayed wealth through expensive houses, luxury vehicles, and extravagant spending.
The man argued that some of these individuals contributed to the rising cost of living during their peak years of wealth. He claimed that their willingness to pay excessively high prices for accommodation and other goods led landlords and business owners to increase prices, making life more difficult for ordinary Nigerians.
Speaking in the video, he said: “95% of Yahoo boys in Asaba, Delta State, and several other states in Nigeria who are paying about N3 million or N4 million yearly house rent can no longer renew their rent. If you are into selling second-hand properties, within the next two years you will become a millionaire because a lot of Yahoo boys are selling their properties for very low amounts.”
The man further alleged that he recently purchased a television set worth over N2.3 million for only N700,000 from someone who was allegedly disposing of personal belongings due to financial challenges.
His comments have generated mixed reactions on social media. While some users agreed with his observations and described it as a consequence of unsustainable lifestyles, others questioned the accuracy of his claims and argued that there is no evidence to support the assertion that such a large percentage of alleged fraudsters are currently facing financial ruin.
Others also pointed out that Nigeria’s economic difficulties have affected people across different professions and social classes, making it unfair to single out a particular group without verifiable facts.
Watch the video below: