How To Report Internet Fraud And Scam In Nigeria - Hustle.ng.
Babatunde Oyerinde Abidoun a.k.a. Kashy, said to be the owner of a record label 'CashNation Ent. Ltd' has been arrested by the Economic and Financial Crimes Commission (EFCC) over his alleged involvement in internet fraud. The suspect who shuttles between Nigeria and the United Arab Emirates (UAE.

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The Treasury Department said Tuesday it has frozen the assets of six Nigerians responsible for massive internet scams, including defrauding busine.

The EFCC says more suspects will be uncovered as investigation into the 80 Nigerians recently indicted for internet-related crimes by the U.S. Federal Bureau of Investigations (FBI) continues.

Although the cashless banking system was designed to foster transparency, curb corruption and drive financial inclusion, it's threatened by the growing perpetration of fraud. About N15.5 billion was lost to bank fraud in 2018. About 60% of the fraud was perpetrated online owing to available internet-based and tech-rated banking services.

How to prevent cybercrime and Internet fraud in Nigeria is tough but doable. Using simple and advanced methods such as protecting computer screens from inspection, encryption, firewalls, and passwords to make computer databases strong is the way to go.

About 60% of the fraud was perpetrated online owing to available internet-based and tech-rated banking services. Our research investigated dimensions of electronic fraud in Nigeria.