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To many, cyber fraud popularly known as yahoo yahoo has come to stay among us. No country is exempted from this high hydra-monster, as countries like USA, UK, Russia, Singapore, Kuala Lumpur, Vietnam and Nigeria have been listed as places where such activities are carried out in large volumes while Dubia is known as a luxury city for fraudsters.
In this discourse we will be using Nigeria as case study. It is believed among its populace that, there are hardly anyway for anyone to make a decent living without doing something shady. There's very little appreciation for honest works or legit hustlers as they are called in Nigeria parlance. This has irk so many struggle youths who are intertwine and profiled by their security operatives as fraudsters.
Below are the know areas where cyber fraud affects negatively in Nigeria.
*Businesses: Alots of businesses that lowered their standard to accommodate the pseudo nouveau rich people, are seeing decline in patronage from responsible and decent working class citizens. Most businesses are carried away with the euphoria of the moment; which is a class character of these fraudsters.
*House Rent: Though rents are determined by laws of demand and supply. As long as tenants compete with each other to collect a house, rental prices increases. It is on this basis that landlords in cities like Lagos now arbitrarily increases house rents to accommodate fraudsters, who are ready to pay any amount to secure a place of their choice.
*Social Lifestyle: The moral life of youths has nosedive with balenciaga, organic cream, small handbags, fur slippers, green wig wearing girls and younglings wearing pencil jeans, graphic tees, earrings and cross bags. Their hubris is something else with no regard for anyone. Everything is about money to them and very loud set of folks.
Though not all yahoo boys are loud, there are some business and cooperate ones like the Italian mafians but entourage movement is their prerequisite.
There are many more ways it impacts negatively in our various countries. You can state your country and its effects on the comment section.
How has cyber fraud affected you?
In this discourse we will be using Nigeria as case study. It is believed among its populace that, there are hardly anyway for anyone to make a decent living without doing something shady. There's very little appreciation for honest works or legit hustlers as they are called in Nigeria parlance. This has irk so many struggle youths who are intertwine and profiled by their security operatives as fraudsters.
Below are the know areas where cyber fraud affects negatively in Nigeria.
*Businesses: Alots of businesses that lowered their standard to accommodate the pseudo nouveau rich people, are seeing decline in patronage from responsible and decent working class citizens. Most businesses are carried away with the euphoria of the moment; which is a class character of these fraudsters.
*House Rent: Though rents are determined by laws of demand and supply. As long as tenants compete with each other to collect a house, rental prices increases. It is on this basis that landlords in cities like Lagos now arbitrarily increases house rents to accommodate fraudsters, who are ready to pay any amount to secure a place of their choice.
*Social Lifestyle: The moral life of youths has nosedive with balenciaga, organic cream, small handbags, fur slippers, green wig wearing girls and younglings wearing pencil jeans, graphic tees, earrings and cross bags. Their hubris is something else with no regard for anyone. Everything is about money to them and very loud set of folks.
Though not all yahoo boys are loud, there are some business and cooperate ones like the Italian mafians but entourage movement is their prerequisite.
There are many more ways it impacts negatively in our various countries. You can state your country and its effects on the comment section.
How has cyber fraud affected you?