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Nigeria ranks 3rd in global cybercrime, with N127bn lost in 2015 alone- NCC

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Nigeria has achieved 33 percent broadband penetration, NCC says

The Nigerian Communications Commission (NCC) has revealed that Nigeria maintains an abysmal ranking in global cybercrime as it places third only behind the UK and the U.S.

Chief Executive Officer of the NCC, Prof. Umar Danbatta, disclosed this on Tuesday at the ongoing 2017 Annual General Conference of the Nigerian Bar Association (NBA) in Lagos.

This year’s conference which focuses on business has as its theme, “African Business: Penetrating through Institution Building”.

Danbatta who spoke as a panelist at a breakout session titled, “The Business of Cyber Law, Internet Policy and Privacy Rights”, disclosed that the number of internet users in Nigeria had risen to 91.6 million.

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He further stated that, “About N127 billion was the estimated loss to cybercrime in Nigeria in 2015; Nigeria ranks third in global internet crimes behind the UK and U.S.

“A critical factor militating against Africa’s economic resurgence is the weakness of its institutions.

“Nigeria ranks 169 out of 199 on the World Bank’s ease of doing business rankings; we are in a middle of a revolution and the rise of what we call the networked society.

“The NCC stipulates the laws of engagement that will make the cyberspace safe and ensure the confidence as well as the safety of the cyberspace”; concluding that “There are benefits and risks of the use of cyberspace and both has to be properly managed.”

 

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0 Comments

  1. seyi jelili

    August 23, 2017 at 7:52 am

    What a good image as long we are trailing behind great countries like the US and the UK

    • yanju omotodun

      August 23, 2017 at 8:04 am

      What nonsense are you saying, because US and UK are involved, then you termed it as something good or what? What is bad is bad and there is no two names for that

  2. Balarabe musa

    August 23, 2017 at 8:35 am

    We shall wage war against these cyber fraudsters and they will all be apprehended soon

    • chichi emerue

      August 24, 2017 at 9:09 am

      my dear how many people wants to put a stop to it instead they end up joining them in their crime

  3. Anita Kingsley

    August 23, 2017 at 10:33 am

    This is a result of bad economy, unemployment and frustration I. The country. The more jobless people are, the more they look for other means to earn a living, cyber crimes are rampant amongst graduates who have no job to do.

    • Abeni Adebisi

      August 23, 2017 at 10:35 am

      The government cannot be blamed for this, US and U.K. are advances countries, their governments carter for virtually everything needed by the citizens, but these efforts from their governments have not stopped them from indulging in cybercrime, it’s basically greed that made Nigeria became third.

    • eric lee

      August 24, 2017 at 9:04 am

      true talk because many jobless people believe in cyber crime in other to earn a living

  4. Animashaun Ayodeji

    August 23, 2017 at 10:34 am

    I consider this a good development, it is left for the federal government to utilize these people for indulging in cybercrime for positive results. They should get them employed in ICT and make them use their intelligence for positive outcomes instead of fraud.

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