Nigeria looses N5.5trn to fraud and cybercrimes.


The Chartered Institute of Forensic and Investigative Professionals of Nigeria, CIFIPN, has said Nigeria has lost about N5.5 trillion to fraud, corruption and cybercrimes in the last 10 years. Pro-tem President, CIFIPN, Dr. Victoria Ayishetu Enape, who disclosed this while declaring open the training of new members in Abuja, described the situation as discomforting. She lamented that while some corporate organisations suddenly collapse due to fraud, government was losing a lot of money every day to fraud, corruption and cybercrimes. According to her, “Nigeria lost an average of about N5.5 trillion to fraud and cybercrimes in 10 years. We raised the alarm because Nigerians are suffering in a country rich with natural resources. This is worrisome.” Speaking on the theme, “The role of forensic professionals in the war against fraud, corruption and cybercrimes in Nigeria”, Dr. Enape blamed current surge in kidnapping and other criminal activities in the country on corruption.