‘Yahoo Money Is No More’: Gehgeh Advises Former Fraudsters To Start Afresh

Nigerian financial commentator Gehgeh has advised former internet fraudsters to abandon cybercrime and acquire legitimate skills, warning that dependence on proceeds from illegal activities could leave them financially stranded.

Gehgeh, in a video shared online, addressed young men he described as “Oldtakers” — individuals who previously made money through internet fraud but are now struggling financially.

He claimed that some of them had used their past earnings to build houses, purchase cars and establish families but were finding it difficult to maintain those lifestyles after their sources of income dried up.

The commentator said he personally knew three or four young men in his community who had experienced serious mental health difficulties following the loss of their fortunes.

According to him, the pressure to sustain an expensive lifestyle without a steady source of income had contributed to the challenges faced by some former fraudsters.

He urged young men between the ages of 19 and 30 to see their current circumstances as an opportunity to rebuild their lives rather than return to illegal activities.

“If you be boy, you don do yahoo before, you use am build house and buy car but now you no get money again, this go help you start your life afresh,” he said.

Gehgeh further observed that some individuals had become so dependent on internet fraud that they failed to develop other talents or acquire useful skills that could provide alternative sources of income.

He also warned against turning to drugs to cope with financial difficulties, encouraging those affected to pursue legitimate work and develop new abilities.

“Instead of all this, learn another skill. You never fail for life,” he advised.