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Ever wondered why you no longer see those Yahoo boys you frequently saw years back showing off their latest cars, jewellery and lavish lifestyle which oftentimes anger onlookers especially the have nots. The big story is they have shifted base.

Its no longer fashionable for Yahoo boys to live in the area they grew up and the big reason is the fear of security agencies such as the Police or the EFCC catching up with them. It is  known to many  that most Yahoo boys like showing off once they make any hit. Some of them still living with their Parents quickly move out to live elsewhere. For some of these guys, the urge to make a statement to their peers within the area that they are no more on the same social level is the reason they still hang around. However, that was then. The latest development is that many of them no longer live in that your regular street and this is basically because of fear of prosecution by the almighty EFCC. Many of them have simply relocated to gated Estates which they deem secure for their scamming activities.

A few years back, it was almost impossible for a young guy to live alone or rent an apartment in many of the gated Estates simply because of the cost. Apart from the exorbitant prices, the lifestyle of an average yahoo boy would have simply given him away. However, following the EFCC onslaught on their activities especially under the President Mohammadu Buhari regime, the guys have simply moved into many of these Estates far away from the prying eyes of the public. These Yahoo boys go through all sorts to pay the high cost of these properties. In cases where one party cannot meet up with the cost, he teams up with one or two persons, however there is a no go area for them; they make sure they are not more than three so as not to raise suspicion of other Residents who could go ahead to blow their cover. They also don’t mingle much with Residents unlike in the open street where everyone knew them and what they do. Although some of them still get caught by security agencies after due surveillance, the streetwise among them often make friends with the Estate Security men who enjoy cash gifts from them. Those security guys are the ones who tip them off if any strange face asks for their house address. Since the Security guys are normally the first contact with the Police if the guys are being hounded, they quickly send them signals to take cover.

All the gated Estates within Lagos, Oyo and Ogun states are host to many of these fraudsters who device new methods of evading the Security agencies each passing day.

According to the EFCC,the agency secured a record 890 convictions  between January and October,2019.

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GTBank suffers mass staff resignation




The  IT division at GTBank has suffered a continual decrease in personnel within the last six months. It has caused a significant technical lacuna and work overload for current employees. Reports reaching 1st News have it that GTBank has been slow in promoting its staff; inadvertently triggering a wave of exits into the labour market which had attractive offers for their talent.

The shortage in manpower is bringing about increased workload; and mounting pressure on the remaining IT employees.

One staff said, “I was handling one application then it doubled as a result.”

Another one also: “There’s a particular team where three members left in the space of one month. Now, four people’s responsibilities are being juggled by one person.”

Also Read: Banking tech is all about digital disruptions, financial services

And yet another staff said, “The pressure is crazy. One person is doing three people’s jobs all in the name of efficiency. That’s why our cost to income ratio will always be the lowest in the industry.”

An undisclosed source said the frequent loss of experienced workers without commensurate hiring resulted in gaps in technical capabilities.

He said: “The application I am managing was handled by two people; but my partner has gone to join another team. If I’m leaving now, a new person can’t cram; and get a good grip of everything in my handover note within 3 weeks. We simply need more people on the team!”

This gap is often reflected when there is a service downtime towards the end of the month caused by server overload. During this period, transaction volume increases due to salary payments; and other month-end payments; leading to more pressure on existing resources.

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Pyramids’ Road Trip Video to Aba Stadium, a Wake up Call, Says Egbe




The Chief Executive Officer of Monimichelle Group, Ebi Egbe, has called on the federal government to do something on the state of the roads in the country, declaring that the state of the Port-Harcourt Aba Road has become a bad advertisement for the country.

The poor state of the federal highway came to the fore over the weekend when Egyptian side, Pyramids Football Club who flew in the club’s private jet landed

at the Port Harcourt Airport and made a video of the horrible road trip to Aba and posted it on the social media, calling it a shame.

Pyramids held Enyimba 1-1 in Aba yesterday but qualified 5-2 aggregate for the semi final of the CAF Confederation Cup.

But Egbe whose outfit constructed the Enyimba Stadium turf noted that the Egyptians deliberately wanted to paint the country in bad light by showing the video to the world.

Egbe was however quick to add that government on its part also need to avoid the country being embarrassed by her international visitors by fixing our roads.

“That video by Pyramids is to me, a wake up call for us to not only fix our stadiums but also fix our roads.

“Teams that come to Aba to play have always commended the playing turf. We need to get it right on all fronts. This is why I am appealing to the federal government to get our roads fixed.

“Our teams would return to the continent next term and it would be a shame if teams from other countries that are far less endowed come in and mock us that we ve got no good roads in the country,” Egbe stressed

He further charged the various state governments to also upgrade their stadium facilities just like other countries are doing.

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