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EFCC Storms Lagos Club, Arrests 12 Suspected Yahoo Yahoo Boys

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EFCC Storms Lagos Club, Arrests 12 Susupected Yahoo Boys

The Economic and Financial Crimes Commission (EFCC) on Friday stormed the premises of Club 57 in Ikoyi, arresting 12.

In a statement released on the commission’s Facebook page, the 12 were said to be internet fraudsters arrested following a tip-off.

Some of the suspects reportedly abandoned their cars in a bid to escape, while others resisted arrest.

The EFCC said 10 cars have been recovered and the suspects will be charged to court after investigations have been concluded.

EFCC posted on their instagram page.

#Fraud: EFCC Arrests 12 Suspects
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As part of efforts to stem the tide of cyber crimes,  the Economic and Financial  Crimes Commission,  EFCC,  Lagos Zonal office,  in the early hours of Friday,  May 11, 2018 arrested over 12 suspected internet fraudsters in the Ikoyi area of Lagos. .
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The EFCC operatives stormed the popular Club 57 on Awolowo Way,  Ikoyi,  where the suspected “yahoo yahoo boys” were rounded up,  following intelligence report. .
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While some of the suspects abandoned their exotic cars to avoid arrest,  some others put up resistance,  thereby turning the environ into a war-like zone of sorts.
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However,  a total 10 cars were recovered from the suspects during raid that lasted about  three hours. .
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The suspects  will soon be charged  to court when investigations are concluded
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#AdvanceFeeFraud
#Crime #EFCC

Photos: EFCC storm Club 57 in Lagos, arrest 12 suspected

MOVIES

Netflix Struggles In Nigeria With Only About 300k Subscribers – Comedian AY

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AY says Netflix struggles in Nigeria with 300k subscribers | fab.ng

Comedian and filmmaker AY Makun has weighed in on the controversy surrounding the alleged decision by Netflix to pause funding for Nigerian original films.

The debate began when filmmaker Kunle Afolayan revealed that Netflix had stopped commissioning Nigerian content. This sparked concerns about the platform’s commitment to the Nigerian market.

During a recent interview with Nollywood on Radio, Makun addressed the issue. He clarified that Netflix is not pulling out of Nigeria.

Instead, he explained that the platform is likely reassessing its approach due to ongoing financial challenges. He emphasised that this does not signal a loss of interest in Nigerian content.

“I recently had a meeting with Netflix, and at no point did they say they were leaving this region,” Makun explained. “During that meeting, we discussed my next project and how they could be involved. I don’t believe they’re leaving Nigeria.”

Makun highlighted that Netflix’s challenges in Nigeria are mainly rooted in financial constraints.

“If you’re running a business in a region and you’re spending much more than you’re earning, you’d need to reconsider your approach. That’s what they’re doing,” he stated.

The comedian explained that Netflix has invested heavily in Nigeria, far surpassing the revenue it has generated in the region.

He emphasised that the platform’s struggles stem largely from the low number of subscriptions and the widespread habit of account sharing, forcing Netflix to reconsider its business model.

“For instance, despite Nigeria’s population of over 200 million people, Netflix has only around 300,000 subscriptions, which indicates a problem that needs fixing,” Makun observed.

Furthermore, he elaborated that a significant number of Nigerians access Netflix by using shared accounts instead of purchasing individual subscriptions. This contributes to the platform’s revenue challenges.

“People often share one subscription with several others, and that’s part of the issue. It’s not just about the filmmakers,” Makun concluded.

Check out more updates here.

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MUSIC

CKay Tops The List Of RIAA Best-Selling Nigerian Artists

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CKay tops the list of RIAA best-selling Nigerian artists | fab.ng

Nigerian pop music continues to make waves globally, particularly in the United States, where Afrobeats artists achieve groundbreaking commercial milestones.

At the forefront of this success is CKay, who leads as one of the best-selling Nigerian artists in the U.S. His viral hit, Love Nwantiti, has sold over 8 million units, earning its place as the most certified Nigerian song in the country.

The 2021 TikTok sensation is now on track to become the first diamond-certified Afrobeats record, solidifying its historic impact.

Following closely, Wizkid maintains a strong position as one of Nigeria’s most successful exports. His hit single, Essence, featuring Tems and Justin Bieber, has surpassed 4 million units in sales.

With eight RIAA certifications, Wizkid is the most certified Nigerian artist in the U.S. This feat highlights his consistent ability to captivate international audiences.

Meanwhile, Rema has secured third place with over 5 million units sold, driven by his global anthem Calm Down.

The record-breaking track, certified six times platinum by the RIAA, became the first African song to surpass 1 billion streams in the U.S.

It also achieved a peak position of No. 3 on the Billboard Hot 100, the highest for any Nigerian song, and spent an impressive 52 weeks on the chart.

Notably, Calm Down was the first African track to dominate Billboard’s radio chart.

Other Nigerian stars continue to shine as well. Tems became the first Nigerian artist to debut on the Billboard Hot 100, while Burna Boy holds the record for the most Billboard Hot 100 entries by a Nigerian act.

Similarly, Davido made history with Fall, the first Nigerian song to earn an RIAA Gold certification.

These remarkable achievements highlight the undeniable global influence of Afrobeats and showcase the extraordinary talent of Nigerian artists with CKay making waves as one of the best-selling Nigerian artists in the U.S.

Check out more music updates here.

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NEWS

UK Tightens Financial Requirements For 2025 Visa Applicants

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UK tightens financial requirements for 2025 visa applicants | fa.ng

The United Kingdom has introduced updated financial requirements for visa applicants in 2025, citing rising living costs and inflation as the primary reasons for the changes. These adjustments impact students, workers, tourists, and families planning to visit or reside in the UK.

For students, the financial thresholds for living expenses have been significantly raised. Those studying in London must now demonstrate a minimum of £1,400 per month for living costs, an increase from £1,334 in 2024.

Students outside London need to prove £1,100 per month, up from the previous £1,023. These amounts must cover a nine-month period, accompanied by proof of the first year’s course fees.

The UK Home Office has emphasized that applicants’ bank statements must show the required funds consistently over a 28-day period, with the records dated no more than 31 days before the application submission.

Visa fees have also risen across various categories. The standard student visa fee for applications made outside the UK has increased from £490 to £510. Visitors face higher costs as well, with six-month visas now priced at £120, up from £115.

Long-term visit visas have seen steeper hikes, such as the two-year visa fee rising from £400 to £420. Priority visa processing fees have jumped from £500 to £550.

Work visa requirements vary by category. Applicants for the Skilled Worker Visa must show proof of £1,270 unless their employer provides a certification of financial support.

Global Talent Visa applicants remain exempt from specific financial thresholds but must demonstrate they can afford their initial living costs.

Similarly, Health and Care Worker Visa applicants are exempt if their employer sponsors them.

Tourists are now required to provide evidence of sufficient funds to cover accommodation, transportation, and daily expenses during their stay. For longer visits, stricter financial scrutiny applies.

Family visa applicants must meet higher income thresholds in 2025, with partners or spouses required to prove a combined annual income of at least £29,000.

Additional costs include £3,800 for the first child and £2,400 for each subsequent child. Applicants can offset these requirements with savings, provided they submit valid documentation.

Certain exceptions apply, such as for individuals receiving disability or carer benefits and those with British or Irish children living in the UK. Human rights considerations may also influence application outcomes.

These revised guidelines reflect the UK government’s focus on ensuring that visa applicants can sustain themselves financially while living in the country.

Applicants should carefully review these updates and prepare accordingly.

Check out more news updates here.

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