The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Olanipekun Olukoyede, has sounded a serious warning over the rising involvement of Nigerian university students in cybercrime, claiming that as many as six out of every ten students may be engaged in such activities.
Olukoyede made the remark during a recent public engagement, where he expressed concern about what he described as a growing culture of internet fraud among young Nigerians, particularly within tertiary institutions.
According to the EFCC boss, the trend poses a significant threat not only to the country’s reputation but also to its long-term economic and social stability. He noted that the normalization of cybercrime among students reflects deeper issues, including unemployment, peer pressure, and the glorification of illicit wealth.
“This is a crisis that goes beyond law enforcement,” he said, emphasizing the need for a broader societal response involving families, educational institutions, and religious organizations.
Cybercrime—commonly referred to as “Yahoo Yahoo” in Nigeria—has become a major concern in recent years, with authorities intensifying efforts to combat online fraud, identity theft, and financial scams. The EFCC has carried out numerous arrests and prosecutions, many involving young individuals, including students.
Olukoyede warned that continued participation in such activities could have far-reaching consequences for the country, including stricter international scrutiny and reduced opportunities for legitimate businesses and travelers.
He also called on universities to play a more proactive role in addressing the issue by promoting ethical values, digital responsibility, and entrepreneurship among students. “We must redirect the energy of our youth toward productive ventures,” he added.
The claim that 60 percent of students are involved in cybercrime has sparked mixed reactions. While some observers see it as a wake-up call highlighting the scale of the problem, others question the accuracy of the figure, urging the EFCC to provide detailed data to support the assertion.
Education experts argue that while cybercrime is indeed a growing issue, sweeping generalizations could risk stigmatizing students and institutions. They stress the importance of evidence-based interventions and targeted policies.
Nonetheless, there is broad agreement that the rise of cybercrime among youths requires urgent attention. Analysts point to the need for improved economic opportunities, digital literacy programs, and stronger enforcement mechanisms to address the root causes.
As Nigeria continues to grapple with youth unemployment and economic pressures, the EFCC’s warning underscores the urgency of tackling cybercrime not just as a legal issue, but as a societal challenge requiring coordinated action.
The development has reignited national conversations about values, opportunity, and the direction of Nigeria’s younger generation in an increasingly digital world.
