The Chairman of the Economic and Financial Crimes Commission (EFCC) Ola Olukoyede, has raised alarm that the rising cases of internet fraud are worsening visa restrictions for innocent Nigerians abroad.
Olukoyede, who was represented by the Chief Superintendent of the EFCC, CSE Coker Oyegunle, stated this on Monday, at an event in Port Harcourt, Rivers State, organised by the Coalition of Nigerian Youth on Security and Safety Affairs.
The EFCC Chairman, Ola Olukoyede, who stated this with a warning , said fraudulent practices not only destroy the future of those involved but also tarnish Nigeria’s international image, resulting in stricter travel conditions for law-abiding citizens.
His statement was contained in a release issued by the commission on Tuesday.
“The EFCC boss highlighted that internet fraud, money laundering, and economic sabotage cost Nigeria billions of naira annually, undermining national growth and depriving citizens of infrastructure, jobs, and opportunities.
“Beyond the economic damage, he pointed out that the crimes erode Nigeria’s international image and subject innocent Nigerians to stricter visa restrictions abroad,” the statement read.
He urged young people in the South-South and across the country to channel their energy into productive ventures such as digital innovation, entrepreneurship, agriculture, and the creative industry.
He was quoted as saying, “Fraud is not success; it is a trap. Easy come, easy go. Many who follow the path of ‘yahoo-yahoo’ always end up losing their freedom, reputation, and future. The law is catching up with them and digital footprints never disappear. Don’t destroy your tomorrow with shortcuts today.”
Olukoyede reaffirmed the commission’s readiness to intensify sensitisation, enforcement and collaboration with communities to combat fraud and related crimes.
Also speaking at the event, a representative of the National Drug Law Enforcement Agency, Mathew Ewah, warned that drug abuse remained one of the most dangerous threats facing Nigerian youths, while the Nigeria Security and Civil Defence Corps cautioned against pipeline vandalism in the South-South.
