Meta Takes Action Against Financial Sextortion Scams in Nigeria, Removes 63,000 Accounts

Meta has taken a significant step in its fight against financial sextortion by removing 63,000 Facebook accounts linked to individuals in Nigeria suspected of engaging in these illicit activities. The move, disclosed in a statement titled "Combating Financial Sextortion Scams From Nigeria," marks a proactive response to rising concerns over financial scams originating from the region.

This decision comes in the wake of recent scrutiny faced by Meta from Nigerian authorities. Just days ago, the Federal Competition and Consumer Protection Commission (FCCPC) imposed a $220 million fine on Meta and its messaging platform WhatsApp for data privacy breaches and alleged discriminatory practices against Nigerians. While Meta has indicated its intention to appeal this fine, the company emphasizes that the removal of these accounts is a measure aimed at addressing criminal behavior.

In the statement, Meta explained that the banned accounts fell under its "Dangerous Organizations and Individuals Policy," a stringent policy designed to combat criminal activities on its platforms. The company noted, "We’ve banned Yahoo Boys under Meta’s Dangerous Organizations and Individuals Policy — one of our strictest policies — which means we remove accounts of Yahoo Boys who engage in this criminal activity whenever we become aware of them."

The term "Yahoo Boys" is widely used in Nigeria to describe individuals involved in various online scams, including financial sextortion. By targeting these accounts, Meta aims to curb the growing issue of internet fraud and enhance the safety of its users.