HomeFraudEFCC Boss Claims 70% Of Nigerian Students Are Internet Fraudsters

EFCC Boss Claims 70% Of Nigerian Students Are Internet Fraudsters

Weeks after 69 students of the Obafemi Awolowo University (OAU) were arrested for fraud-related offences, the Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede has stated that seven out of ten Nigerian students are involved in cybercrimes.

This estimation was reached at the Commission’s headquarters in Abuja during a meeting with a delegation from Daar Communication PLC.

The agency boss claimed that a large number of Nigerian youths are involved in internet fraud.

While raising concerns, Olukoyede called on the media to design programmes aimed at enlightening youths on the evil of the criminal activities.

He said, “We are looking towards Daar Communications to enlighten our youths on the evils of cybercrimes. It is worrisome that 7 out of 10 students today are involved in cybercrimes.

“These are the youths we are preparing to be leaders of tomorrow. The media should not relent in enlightening them on the evils of such criminal practices.”

Olokoyede’s comment is coming weeks after the EFCC arrested 69 students of the Obafemi Awolowo University (OAU) for fraud-related offences.

Meanwhile, the Economic and Financial Crimes Commission (EFCC), Lagos Command, on Wednesday, arraigned one Abdulhamid Isah before an Ikeja High Court over alleged $63,599 fraud.

Isah is facing a three-count charge bordering on obtaining money by false pretences, stealing and retaining proceeds of criminal conduct.

The defendant, arraigned before Justice Ismail Ijelu, however, pleaded not guilty to all the counts.

The EFCC Prosecutor, Mr Nwandu Ukoha, told the court that the defendant had, sometime in Oct. 2022, obtained $63,590 by false pretences.

Ukoha said the defendant also stole the said amount belonging to one Chinedu Ugokwe.

He informed the court that the money was given to Isah with the intention to exchange the same for the naira equivalent which the defendant failed to do.

The prosecutor stated that the defendant also retained the said amount, suspected to be proceeds of criminal conduct.

According to him, the offences contravene Section 1(1)(2) and (3) of Advance Fee Fraud and Other Fraud Related Offences Act No. 14 of 2006.

He said the offences also contravened Sections 278(1) (b), (2)(1) and 285(1) of the Criminal Law of Lagos State No. 11 of 2011 and Section 17 of the Economic and Financial Crimes Commission (Establishment) Act, 2004.

Ukoha urged the court to remand the defendant accordingly, pending the commencement of trial.

He also said that the bail application of the defence counsel should be at the discretion of the court.

The Defence Counsel, Mr Emmanuel Ogbeche, moved a bail application, praying the court to grant the application, requesting that the defendant be remanded in EFCC custody.

Consequently, the judge granted the defendant bail in the sum of N5 million, with two sureties in like sum.

Ijelu said one of the sureties must be related to the defendant by blood and must reside in Lagos.

He also said the sureties must present evidence of a reliable source of livelihood and that the defendant be produced at every trial date.

The judge then ordered the remand of the defendant in Ikoyi Correctional Centre, pending the perfection of his bail.

He adjourned the matter till Feb. 1, 2024 for trial.

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