financetom
Business
financetom
/
Business
/
Facebook removes 63,000 accounts in Nigeria over 'sextortion' scams
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Facebook removes 63,000 accounts in Nigeria over 'sextortion' scams
Jul 24, 2024 5:05 AM

LAGOS, July 24 (Reuters) - Meta Platforms ( META ) said

on Wednesday it had removed about 63,000 Facebook accounts in

Nigeria that attempted to engage in financial sexual extortion

scams mostly aimed at adult men in the United States.

Nigerian online fraudsters, known as "Yahoo boys", are

notorious for scams that range from passing themselves off as

people in financial need or Nigerian princes offering an

outstanding return on an investment.

Meta said in a statement the removed accounts also included

a smaller coordinated network of around 2,500 that were linked

to a group of around 20 individuals.

"They targeted primarily adult men in the U.S. and used fake

accounts to mask their identities," Meta said.

In sexual extortion, or "sextortion", people are threatened

with the release of compromising photos, either real or faked,

if they do not pay to stop them.

The investigation showed that the majority of the scammers'

attempts were unsuccessful and although mostly targeting adults,

there were also attempts against minors, which Meta reported to

the National Centre for Missing and Exploited Children in the

U.S.

The company said it had used a combination of new technical

signals developed to help identify sex extortion.

Nigeria's scammers became known as "419 scams" after the

section of the national penal code that dealt - ineffectively -

with fraud.

As economic hardships worsen in the country of more than 200

million people, online scams have grown, with those behind them

operating from university dormitories, shanty suburbs or

affluent neighbourhoods.

Meta said some accounts were providing tips for conducting

scams.

"Their efforts included offering to sell scripts and guides

to use when scamming people, and sharing links to collections of

photos to use when populating fake accounts," it said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
-- Artemis Gold Brief: National Bank Maintaining Outperform and C$40.50 Target After Co Announced $700 Million RCF and PLF Repaid
-- Artemis Gold Brief: National Bank Maintaining Outperform and C$40.50 Target After Co Announced $700 Million RCF and PLF Repaid
Sep 29, 2025
11:15 AM EDT, 09/29/2025 (MT Newswires) -- Price: 35.70, Change: +0.80, Percent Change: +2.29 ...
M&T Offers Limited Positive Catalysts Ahead, Morgan Stanley Says
M&T Offers Limited Positive Catalysts Ahead, Morgan Stanley Says
Sep 29, 2025
11:17 AM EDT, 09/29/2025 (MT Newswires) -- M&T Bank ( MTB ) is offering limited positive catalysts in the near term amid lower rates, Morgan Stanley said in a note Monday. With rates coming down, we see fewer positive catalysts in the near-term, the report said. We are moving to the sidelines in favor of other opportunities in our coverage....
Rio2 Acquires 15% Stake in Royal Road For $4.6 Million; Agnico Eagle Sells Royal Road Shares For $5.5 Million
Rio2 Acquires 15% Stake in Royal Road For $4.6 Million; Agnico Eagle Sells Royal Road Shares For $5.5 Million
Sep 29, 2025
11:19 AM EDT, 09/29/2025 (MT Newswires) -- Rio2 ( RIOFF ) said Monday it has acquired 39.9 million shares of Royal Road Minerals ( RRDMF ) , for a 15% stake. Rio acquired the shares at $0.115 each, for $4.6 million. Separately, Agnico Eagle (AEM.TO) sold its 18% stake in Royal Road, comprising 47.9 million shares, at $0.115 each, for...
On NATO's eastern flank, bunkers and anti-drone nets set to protect power grids
On NATO's eastern flank, bunkers and anti-drone nets set to protect power grids
Sep 29, 2025
* Drones incursions alarm NATO and EU member states * Four countries accelerate moves to protect power grids * Security to include concrete bunkers, anti-drone nets * One focus area is parts of Lithuania near Belarus border * Another focus is the so-called Suwalki Gap By Andrius Sytas and Marek Strzelecki NERIS SUBSTATION, Lithuania, Sept 29 (Reuters) - Four NATO...
Copyright 2023-2026 - www.financetom.com All Rights Reserved