Internet Fraud Discourages Nigeria’s Foreign Investors, Says EFCC


Emma Okonji and Becky Uba Umenyili

The Economic and Financial Crimes Commission (EFCC) over the weekend lamented the rate of cybercrime in Nigeria, saying it had contributed significantly to discouraging foreign investors from doing business in Nigeria for fear of being duped.

Therefore, the anti-corruption agency challenged young people to avoid all negative vices including cyber crime.

The EFCC Zone Commander, Lagos Zone, Mr. Ahmed Ghali expressed this concern while speaking out against drug abuse and internet fraud at a seminar for young people, organized by the Organization Catholic women from the Archdiocese of Lagos.

The Zone Commander, represented by an EFCC Commander, Mr. Ayo Oyewale, said that the current rate of internet fraud is “moving towards the ratio of one culprit in every family and the perpetrators are getting bolder and fearless in their criminal schemes.”

He further noted that cybercrime has been accentuated in recent times by the development of more Internet services that seek to meet the e-technology needs of society.

He said computer fraud, phone hacking and credit card theft had increased, warning young people and everyone else “to beware of those who wish to use their accounts to make transactions, as reports have proven that the fog of these proxy-related businesses are fraudulent.”

Ghali said the EFCC would work with other security officers in the country and international police (Interpol) “to monitor and intercept criminal activity, and get those involved to book.”

He encouraged young people “to feel free to report any suspected fraud to the EFCC to prevent its threat”.

In her article titled Drug Abuse and its Impact on Youth Development, the Deputy Director of the Drug Demand Reduction Division of the National Agency for Food and Drug Administration and Control (NAFDAC), Ms Clara Anyanwu, pointed out the many causes of drug abuse and addictions. and their monstrous effects on the lives of the victims, their families and society in general.

She called on young people to learn entrepreneurial skills that could keep them busy and avoid mischief and idleness.

She also encouraged parents, the church and various government bodies to organize more educational programs to enlighten young people and even the general public about the dangers of drug abuse.

In his remarks, another host of the program, the Rev. Simeon Martin, encouraged young people to be open and free in their communication in order to prevent the risk of social dangers.

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