Oyebo is a slur used to describe Whites in a derogatory way. It literally means peeled skin. It is what the Yoruba people of Nigeria used to call the first Europeans they saw.
The word Oyebo is a racial slur that has been used historically to degrade and dehumanize whites. The word is still used by some people for this purpose, and it is seen as offensive and hurtful to whites. If you are unsure about whether or not it is appropriate to use the word Oyebo, it is best to err on the side of caution and avoid using it in any situation.