The Economic and Financial Crimes Commission (EFCC) has warned that the growing wave of cybercrime is contributing to tougher visa restrictions for Nigerians seeking to travel abroad.
EFCC Chairman, Ola Olukoyede, said fraudulent activities not only endanger the future of perpetrators but also tarnish Nigeria’s image globally, leading to harsher travel conditions for innocent citizens.
Olukoyede, represented by Chief Superintendent of the EFCC, CSE Coker Oyegunle, spoke on Monday at an event organised by the Coalition of Nigerian Youth on Security and Safety Affairs in Port Harcourt, Rivers State. His remarks were contained in a statement issued by the commission on Tuesday.
According to the EFCC, crimes such as internet fraud, money laundering, and economic sabotage drain billions of naira from the economy annually—hampering growth, stalling infrastructure development, and denying citizens jobs and opportunities.
Beyond financial losses, the commission noted, these crimes damage Nigeria’s international reputation and expose citizens to heightened visa scrutiny.
Olukoyede urged young Nigerians, particularly in the South-South, to redirect their creativity and skills into legitimate ventures in technology, entrepreneurship, agriculture, and the creative industry.
“Fraud is not success; it is a trap. What comes easily often goes just as fast. Many who embrace cybercrime end up losing their freedom, reputation, and future. The law is catching up with them, and digital footprints never disappear. Don’t ruin tomorrow with shortcuts today,” he cautioned.
The EFCC chairman also reaffirmed the agency’s resolve to intensify awareness campaigns, strengthen enforcement, and deepen community collaboration in the fight against financial crimes.