Cybercrime, locally dubbed “Yahoo Yahoo,” remains one of Nigeria’s biggest reputational challenges. Despite repeated EFCC crackdowns and arrests, the menace grows. Why?

Roots of the Problem
1. Unemployment: Millions of idle graduates see fraud as escape.
2. Culture: In some communities, scammers are celebrated as heroes.
3. Weak enforcement: Laws exist, but prosecutions drag endlessly.
4. Tech loopholes: VPNs, crypto wallets, and weak digital literacy create cover.

The Economic Toll
Cybercrime costs Nigeria billions in lost FDI and makes international transactions harder. Small businesses abroad hesitate to engage Nigerian freelancers, fearing scams.

The Solutions
- Strengthen digital literacy campaigns.
- Build fast-track cybercrime courts.
- Reward honest digital entrepreneurship.
- Hold ISPs accountable for abuse on their networks.

Final Word
Cybercrime is not just a policing issue; it is cultural, economic, and systemic. Nigeria must treat it as an existential threat to its digital future.

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