EFCC Dele Oyewale.webp
The Digest:

The EFCC has identified a dominant threat. Commission spokesperson Dele Oyewale stated that cybercriminals, known as 'Yahoo Boys,' are causing more damage to Nigeria's economy than any other group, including bandits and insurgents, by scaring off investment and tarnishing the nation's global reputation.

Key Points:
  • EFCC spokesperson Dele Oyewale issued the warning in a recent video statement.
  • He emphasized that internet fraud undermines economic stability and international trust.
  • The commission is intensifying efforts to prosecute cybercrime offenders.
  • Public vigilance and reporting of suspicious activities were strongly encouraged.
  • Online reactions reveal public skepticism, comparing the focus to physical insecurity.
  • Many comments questioned whether cybercrime is worse than banditry, halting agriculture.
  • The statement highlights the complex, multi-front battle for Nigeria's economic future.
This declaration frames a new front line: not in the forests, but in the digital shadows where trust is eroded, and capital flees. It challenges the very definition of national harm in a connected age.

Sources: Vanguard, The Nation