Internet Frauds: Nigeria Ranks Third In World Cybercrime Following UK and US

INTERNET: Nigeria Ranks Third In World Cybercrimes After UK and US - NCC

According to Nigerian Communication Commission, NCC, Nigeria ranks third in the world when it comes to the issue of cybercrimes and internet frauds after United Kingdom and the United States.

Professor Umar Danbatta who is the Chief Executive Officer of the Nigerian Communication Commissions revealed this on Tuesday during an event at the 2017 Annual General Conference of the Nigerian Bar Association, NBA in Lagos State.

The theme of the 2017 Annual General Conference of the Nigerian Bar Association was: “African Business: Penetrating through Institution Building”.

The NCC's CEO, Danbatta said, at a breakout session with the sub-theme: “The Business of Cyber Law, Internet Policy and Privacy Rights” was anchored by Augustine Alegeh (A Senior Advocate of Nigeria, SAN) who is the former NBA President, said the number of internet users in Nigeria has hit 91.6 million.

Prof. Danbatta said:
    “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.

He added that despite the fact that Nigeria ranks thirds in world cybercrimes, the country is still noted as one of the top countries in the world that make use of internet for business - according to World Bank's Ease of Doing Business ranking:

    “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. There are benefits and risks of the use of cyberspace and both has to be properly managed.”
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