Nigeria and internet fraud

Nigeria and internet fraudThat Nigeria loses a lot of money through internet fraud is not news but the figure of over N127 billion as annual loss given by the Minister of Communications is staggering. Most of the frauds are said to be perpetrated via foreign internet domain names being patronised by over 93 million internet users in Nigeria. With this rising trend of internet fraud, also known as cybercrime, the Nigerian Internet Registration Association (NiRA), managers of Nigeria’s domain name (.ng), has appropriately convened a meeting of representatives of law enforcement agencies and other relevant stakeholders to foster a collaboration and cooperation to arrest the situation. This is really commendable.

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