Technological experts have emphasized the necessity for Nigeria to strengthen law enforcement and enhance its capacity to combat internet fraud. Jide Awe, a Science, Technology and Innovation Policy Advisor, highlighted the importance of prosecuting criminals and recovering stolen funds to convey a strong message. He emphasized the urgency of raising public awareness about the risks of internet fraud and fortifying cybersecurity measures as digital adoption continues to surge. Awe stressed the need for continuous public awareness and education, considering the evolving nature of cyber threats and the constant development of new fraudulent techniques by cybercriminals.
Awe also pointed out that challenging economic conditions can contribute to the prevalence of internet fraud, citing the vulnerability of individuals facing financial hardships to scams that promise quick and easy money. The surge in internet access was identified as a significant factor in the increase of potential victims for internet fraudsters. Furthermore, the COVID-19 pandemic, which prompted increased online activity, has rendered individuals more susceptible to online scams, particularly in the realm of online banking and payments.
Tinuola Popoola, a System Analyst and Cyber Safety Advocate, added that the rise in internet fraud is exacerbated by unfavorable economic policies that impede the growth of small businesses, coupled with widespread poverty, unemployment, and a lack of financial education and money management knowledge among the youth. Popoola also highlighted the influence of greed and peer pressure as contributing factors to internet fraud.
The insights provided by these experts underscore the complex interplay of economic, technological, and societal factors that contribute to the prevalence of internet fraud in Nigeria. As the country grapples with these challenges, the need for proactive enforcement, public awareness campaigns, and targeted interventions to address socioeconomic vulnerabilities is paramount.
This article sheds light on the multifaceted nature of internet fraud in Nigeria and offers valuable perspectives from experts in the field, providing a comprehensive understanding of the issue and the imperative for concerted action.
