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Nigerians lose over N2.5bn to cyber crime annually – Adeoye

Access Bank
The Executive Secretary Information Technology Systems & Security Professionals (ITSSP), Mr. Aderogba Adeoye, has said that Nigerians lose over N50million every weekend to cyber criminals amounting to N2.5billion yearly.

Mr. Adeoye who stated this during a press briefing to open the ITSSP Cyber Security Conference 2021 said that the rising fraud cases in the nation’s ICT  infrastructure is a hindrance to the Central Bank of Nigeria (CBN) cashless and financial inclusion policies.

Speaking alongside Dr Daramola Akinseye who represented ITSSP President, Otunba A. P. Arogundade and Zakariya Abdulkadir, chairman NCS Kwara State chapter, the trio maintained the need for education and collaboration to eradicate the rising cyber crime wave.

The called for the need for CBN, MDJ’s and banks etc to ensure insurance policies are introduced in the sector to indemnify all stakeholders involved or affected by the digitization policies of government.

For Dr Daramola there is need for all hands to be on deck, adding that religious and civic leaders should be involved in seeking ways to resolve the matter, by ensuring that our youths embrace positive values and use their skills in the overall good of society.

According to him, ”in Nigeria the era of talking should be over, the era of action should begin ‘in order for the nation to have a good future.

Expressing his perspective, Abdulkadir said that fraud estimates in the country is far bellow the real losses being experienced and that the situation is reaching crisis point hence the need for the Cyber Security Conference which hopes that experts will jaw-jaw and find solutions to the emerging problems.

Earlier on, Dr Daramola had called for the re-invigoration of our technical schools in order to improve our ICT infrastructure and check cyber crimes.

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