The Economic and Financial Crimes Commission (EFCC) has issued a warning to Nigerian students against engaging in internet fraud and other financial crimes. EFCC Chairman Ola Olukoyede emphasized that offenders risk damaging their education, future employment prospects, and reputation. This warning was given during a visit by staff and students of New Capital School, Asokoro, Abuja, to the commission's corporate headquarters on Tuesday, October 27, 2026.
Olukoyede, represented by Assistant Commander Tony Ojelimafe Orilade, highlighted the commission's commitment to tackling financial crimes to protect the future of young Nigerians. Established in 2003, the EFCC fights economic and financial crimes that undermine national development and deprive citizens of essential services and opportunities. The chairman explained that the diversion and misappropriation of public funds could weaken access to quality education, healthcare, and employment.
The EFCC chairman noted that the commission is working to create an environment where young Nigerians can complete their education, secure jobs, and access adequate healthcare without being forced to seek opportunities abroad. Olukoyede urged students to avoid activities that could damage their names and those of their families, specifically warning them against internet fraud. He stressed that a conviction for cybercrime could affect their education, employment opportunities, and ability to travel internationally.
Assistant Commander Aisha Mohammed, Head of the EFCC's Enlightenment and Reorientation Unit, welcomed students and other stakeholders seeking to understand its activities. Mohammed explained that the EFCC's mandate covers prevention, investigation, and prosecution. She urged the students to take its anti-corruption messages seriously and join Integrity Clubs in their schools, which provide opportunities for young people to participate in anti-corruption campaigns and public enlightenment programs.
Eniola Kayode, a detective with the commission's Cybercrime Unit, delivered a lecture titled "The Effects of Cybercrimes." Kayode identified online fraud, hacking, and impersonation as examples of cybercrime, noting that such offenses could cause financial losses, emotional distress, legal consequences, and damage to public trust. She urged the students to report suspicious activities, threats, and attempts to obtain their personal information to their parents, teachers, or guardians.
The EFCC's warning to students is part of its efforts to educate young Nigerians about the dangers of internet fraud and other financial crimes. The commission's activities are aimed at protecting the future of young Nigerians and promoting national development. By engaging with students and other stakeholders, the EFCC seeks to prevent the spread of financial crimes and encourage a culture of integrity and accountability.
The visit by the EFCC chairman and other officials to New Capital School, Asokoro, Abuja, demonstrates the commission's commitment to engaging with young people and promoting anti-corruption efforts. The EFCC's efforts to educate students about the risks of internet fraud and other financial crimes are crucial in preventing the spread of these crimes and promoting a safer and more secure future for young Nigerians.
Key points
- EFCC Chairman Ola Olukoyede warns students against internet fraud, citing risks to education, employment, and reputation.
