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Journal of Academics Stand Against Poverty

Academics Stand Against Poverty

Journal of Academics Stand Against Poverty (Journal of ASAP) is an open access international multidisciplinary journal published under the ISSN 2690-3458 (electronic edition) and ISSN 2690-3431 (print edition) by Academics Stand Against Poverty, a non-profit organization based in United States (EIN # 32-0324998).  Its mission is to publish high-quality work that can make genuine contributions to understanding and eradicating poverty and its effects in the real world. Such work will address the structural causes of poverty with an eye to the special challenges poor people face in such areas as nutrition, water, shelter, health and health care, sanitation, clothing and personal care, energy, education, social and political participation and respect, physical safety, family planning, environmental degradations and hazards, working conditions in employment and at home, navigating governmental agencies and the legal system, banking and credit, travel and transportation, and communications.  Journal ASAP is committed to ensuring that perspectives of the poor are adequately represented on its pages, and that these pages are accessible to all. The journal makes substantial efforts to include voices from the global South as well as from non-elite educational institutions and from organizations, agencies and communities that are working toward poverty eradication. It also aims for the widest possible reach by being entirely open-access: its one/two issues each year are free for download anywhere in the world without any requirement to provide personal information. Journal ASAP invites submission of original work and maintains a rigorous double-blind peer review system that provides constructive feedback to assist authors in presenting their work in a way that is clear, broadly accessible and practically useful. Journal ASAP is a pure Open Access Journal and allows the author to retain the copyright in their articles. Articles are made available under a Creative Commons licence (CC-BY) to allow others to freely access, copy and use research provided the author is correctly attributed.

Journal of Academics Stand Against Poverty

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Article recordVersion of recordOpen accessVol 3 No 1August 17, 2026

Bombing, Billing, and Cash-Out: the dynamics of the illicit flow of money through international cyber fraud by Nigerian “Yahoo Boys

Cyber fraudsters, popularly called Yahoo Boys in Nigeria, employ different strategies and formats across various levels of sophistication to get in touch with potential victims and gain the trust of these unsuspecting v…

Contributors

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  • Savictor Sobechi Evans-Ibe

    Independent Essayist and Technical Writer

Abstract

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Cyber fraudsters, popularly called Yahoo Boys in Nigeria, employ different strategies and formats across various levels of sophistication to get in touch with potential victims and gain the trust of these unsuspecting victims (Bombing). Then the Yahoo Boys go ahead to devise means of requesting payments from their victims (billing) and secure a successful receipt of such fraudulent payments (cash out). This situation has affected the country, its citizens, as well as the victims adversely; hence, the need for innovative ideas to curtail the ugly trend. This essay sets out to proffer viable solutions to the illicit movement of money through international cyberfraud by Yahoo Boys in Nigeria. The essay starts by classifying international cyberfraud as a component of illicit financial flows. It continues to describe the nature, enduring patterns, and formats adopted by Yahoo Boys, and attempts a quantification of the magnitude of relevant outflows. The essay identifies poverty, corruption, harsh economic realities, indiscipline, unemployment, nature of security architecture on social media platforms, amongst others as enabling conditions for fraud. The essay finally recommends personal discipline, skill acquisition, and personal development, greater national commitments to the fight against corruption and poverty, rebranding corporate taxations to fix the education and skills gap, improved security on social media, sustained enlightenment of vulnerable populations, detention in special facilities for convicted fraudsters, and greater international commitments to the fight against cyberfraud in Nigeria. Several authoritative government publications, academic papers, journal articles, and online publications were consulted for this paper.

Keywords

Cyber fraudIllicit Financial FlowsNigeriaYahoo Boys

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