By Yusuf Mutiu-Olaitan
October 23rd, 2024
It has been confirmed by the Economic and Financial Crimes Commission, EFCC, that Nigeria lost over $500 million to criminal activity in 2022, highlighting the threats posed by cybercrime.
This was confirmed by the Chairman of the agency, Ola Olukoyede during National Cybercrime Summit in Abuja on Tuesday.
“As a matter of fact, the research I did earlier this year confirmed that cybercrime has become the third largest GDP in the world with approximately 2,328 cases occurring daily.
“The implication of all this is that if left unchecked, cybercrimes portend grave dangers to the entire world.
“Bringing it to Nigeria, in 2022 alone, Nigeria lost over $500 million to cybercrime,” he said.
Olukoyede revealed that Cybercrime is the leading percentage of the convictions recorded by the commission since he became the chairman.