Ola Olukoyede, executive chairman of the Economic and Financial Crimes Commission (EFCC), has warned Nigerian youths against engaging in internet fraud, saying the pursuit of quick wealth could destroy their future and wipe out assets acquired through fraudulent means.
Olukoyede gave the warning in Port Harcourt, Rivers State, on Tuesday, August 11, 2026, while addressing youths and teenagers at a conference organised by the Organisation of African Instituted Churches (OAIC), Rivers State Chapter, at the Port Harcourt Ecumenical Centre.
According to a statement by Dele Oyewale, EFCC Head of Media and Publicity, Thursday, the conference, which focused on addressing social vices among young people, featured a presentation on “Internet Fraud Dangers, Consequences and Godly Alternative,” delivered on behalf of the EFCC chairman by a Deputy Superintendent of the EFCC, James Adayilo Hosea.
Olukoyede described internet fraud as the use of the internet, computers, mobile phones and social media platforms to deceive unsuspecting individuals for financial gain.
He warned that beyond the immediate financial and legal consequences, involvement in cybercrime could have long-term implications for the future, reputation and livelihood of young people.
