The Economic and Financial Crimes Commission (EFCC) has raised an alarm that the growing menace of internet fraud is worsening visa restrictions for law-abiding Nigerians seeking to travel abroad.
EFCC Chairman, Ola Olukoyede, warned that cybercrime not only jeopardises the future of those directly involved, but also tarnishes Nigeria’s reputation on the global stage, leading to stricter travel conditions for innocent citizens.
Olukoyede, represented by Chief Superintendent of the EFCC, Coker Oyegunle, gave the warning at an event in Port Harcourt, Rivers State, Organised by the Coalition of Nigerian Youth on Security and Safety
Affairs.
The EFCC boss highlighted that internet fraud, money laundering, and economic sabotage costs Nigeria billions of naira annually, undermining national growth and depriving citizens of infrastructure, jobs, and
opportunities.
Beyond the economic damage, he pointed out that the crimes erode Nigeria’s international image and subject innocent Nigerians to stricter visa restrictions abroad.
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Olukoyede urged young Nigerians to channel their energy into productive ventures such as digital innovation, entrepreneurship, agriculture, and the creative industry rather than cybercrime.
He said, “Fraud is not success; it is a trap. Easy come, easy go. Many who follow the path of ‘yahoo-yahoo’ always end up losing their freedom, reputation, and future. The law is catching up with them and digital footprints never disappear. Don’t destroy your tomorrow with shortcuts today.”
The EFCC boss also reaffirmed the commission’s commitment to intensifying sensitisation campaigns, enforcement efforts, and collaboration with local communities to curb cybercrime and related offences.
Reports say these developments follow the July announcement by the United States of a revised visa reciprocity schedule for Nigeria, which reduced the validity of certain non-immigrant visas—such as B1/B2 (business and tourism), F (student), and J (exchange visitor) Visas—to three months and limited them to a single entry.
