By Juliet Umeh
The Economic and Financial Crimes Commission (EFCC) has issued a stark warning about the increasing threat of cybercrime in Nigeria, revealing that the country lost over $500 million to cyberattacks in 2022 alone.
Speaking at a National Cybercrime Summit, EFCC Chairman Ola Olukoyede expressed deep concern over the growing sophistication and impact of cybercriminal activities, both domestically and globally.
He highlighted that cybercrime has become the third-largest GDP in the world, with a staggering 2,328 cases reported daily.
Olukoyede stated: “The implications of this alarming trend are far-reaching. If left unchecked, cybercrime poses a grave threat to the entire world. In Nigeria, the financial toll has been substantial, with over $500 million lost in just one year.”
The EFCC chief emphasized that cybercrime accounts for a significant portion of the convictions secured by the agency in recent years, underscoring the agency’s…
Source: Vanguard Newspaper
