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‘Yahoo money has finished, learn skill before you lose everything’ — Gehgeh warns fraudsters


Nigerian financial commentator Gehgeh has issued a warning to former internet fraudsters whose past illegal activities are no longer yielding profits. He urged them to abandon their previous lifestyles and acquire legitimate skills before financial pressures lead to detrimental consequences.

Speaking recently, Gehgeh referred to these individuals as “Oldtakers” and highlighted the struggles of young men who once thrived on internet fraud. Many have invested their earnings in property, vehicles, and family obligations, only to find themselves in precarious financial situations after their fortunes dwindled.

In a video statement, Gehgeh recounted personal accounts of three or four young men in his community who experienced mental health crises following their financial downturns. He attributed these challenges, in part, to the stress of maintaining an unsustainable lifestyle.

He urged young men aged 19 to 30 to consider a fresh start, emphasizing the importance of adapting to changing financial circumstances. “If you are a young man, and you have previously engaged in fraud to buy a house or a car but find yourself without income now, it is time to restart your life,” he stated.

Gehgeh expressed concern that some individuals had become so reliant on internet fraud that they neglected to cultivate other talents and skills, leaving them with no viable alternatives for income. He also warned that some have resorted to drug use in an attempt to cope with the pressures stemming from their financial difficulties.

“Instead of resorting to these extremes, learn a new skill. You have not failed in life,” he advised.

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