Nigeria and fraud.

[Nangiconference]

 
E Dy pain me o.
With the rate of fraud in Niger
The Federal Government, FG, cannot stop it until the people’s orientation and value system are properly worked on.

“Nobody, even Federal Government cannot stop cybercrime. You can’t stop it because they are also coming up with new solution. But you can reduce the impact by making sure that you do the right things.

“Nigeria  government has tried everything possible to curtail and freeze this activity, as a result led to various verification protocols and systems like the NATIONAL IDENTIFICATION NUMBER(NIN) AND BANK VERIFICATION NUMBER(BVN) including the self registration of SIM cards even all the wallet account and fintech banks are required to update their NIN notwithstanding the BVN already linked to the account and diverse systems in place now. however fraudsters are also looking into how to dodge, break and compromise these systems. Someone sitting in North Korea can hack a bank in Brazil.
We've had several cases where banks are hacked and funds pulled without trace which had led to bankruptcy of these affected institutions. It is a huge problem because in a day of manual banking, armed robbers attacked bullion van; they probably went away with N30 million, but someone can sit in his room and take N30 billion from another person’s account. So, it is a huge problem, and until we address our value systems, and actually we are able to ask ourselves questions, like this person is a civil servant, a business person, a politician, how much money does he earn that you should do this?

Not until we address those value issues with sincerity, to rebuild our name of our hero past, it will be a problem. It is not a localised Nigerian problem. It is a global problem. It is just that we have a situation that a young people just see that as an opportunity to get rich quick, buy flashy cars, live in decent part of the city, wear designer clothes,, flag wealth.

If you visit the prison the crime that had most candidates. Is the cybercrime. U can imagine my uncle was duped when he saw online loan platform where a processing fees was required that ended up frauding #240,000 in bits after successful payment the fraudster was asking for more, he realised himself after loosing that amount of money. Fraud has caused congestion in prison whereby so many inmates were acquitted on the approval of the executive arm of government in various states as a way of decongesting the prison. There are progressive cases of EFCC and police arresting and parading fraudsters daily adding to our normal civil and criminal cases.
In this present day it will not take  a fraudster more than 5 mins to wipe your account if they should get in touch with your bank alert SIM card or A.T.M card. This has posed risk in the banking systems. It would have been better if the only victims are our politicians because they are the bigger thieves killing the country but the common struggling man is always a prey in their hands.

[Zanab247]

If federal government want to end fraudsters in our land, I don't think it will take the government a year to end it in our country but it will shock you that those people so called EFCC who are in good position to end the crime for other countries to praise Nigeria government officials for the good work but the EFCC are now using it as a business to achieve huge amount of money from those fraudsters in their offices.

 I was listening to local radio news when the new EFCC chairman of Nigeria said 95% of Nigeria youths are fraudsters and those are the people who are in charge of the financial crime to bring happiness to the victim but once they are settled by the fraudster the victim will never get justice.