The Economic and Financial Crimes Commission (EFCC) head, Ola Olukoyede, reports that in 2022, banks nationwide suffered losses of more than N8 billion due to cyber theft.
During a Tuesday interactive session with media executives in Abuja, Olukoyede delivered a speech.
According to him, cybercrime affected over 71% of Nigerian businesses in 2022. He also stated that the anti-graft agency’s battle against online fraud is aimed at preserving the future of the country.
According to Olukoyede, the commission has established a cybercrime research center where convicted online scammers—referred to as Yahoo Yahoo boys in the community—will receive training on how to apply their skills to better elements of society. Eyes Of Lagos reports,
The EFCC chair also said the agency is prosecuting two of its operatives for violating the agency’s code of conduct.
He said the commission has effected some reforms to enhance its fight against corruption, including the creation of directorate of fraud risk assessment/control and ethics/integrity.
