The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says six out of 10 students in universities are into cybercrime.
The EFCC chairman stated this while speaking at the opening of the 8th biennial conference of the Committee of Pro-Chancellors of State-Owned Universities in Nigeria (COPSUN), held on Tuesday in Kano.
His words; “My research in the last one year has shown that about six out of 10 students in our universities are into cybercrime. It is a very disturbing situation”.
Speaking further, he blamed the trend on what he described as deep-seated structural problems within the university system, including weak oversight and poor accountability mechanisms.
He disclosed that many of those arrested in recent cybercrime operations were students, some of whom allegedly placed lecturers on payroll, thereby undermining academic integrity.
The EFCC boss noted that a significant number of the 792 suspected cyber fraudsters arrested in Lagos in December 2024 were students, adding that the operation exposed the scale of cybercrime networks operating in the country.
Olukoyede expressed concern over the rise of “Yahoo Plus”, where internet fraud is allegedly combined with fetish practices.
He called on university authorities to strengthen institutional controls and deepen cooperation with law enforcement agencies to address the problem.
“A university that lacks financial accountability cannot credibly train future professionals. The integrity of our universities is a matter of national security,” he said.
The EFCC chairman also advocated the use of artificial intelligence in fraud detection, payroll management, procurement monitoring and academic integrity.
He said AI tools could help flag suspicious transactions, detect irregular salary payments and enhance real-time auditing processes.
Olukoyede added that the EFCC had already begun deploying AI in its investigations, including digital forensics and financial tracking.
The theme of the event was “Unlocking the potentials of artificial intelligence: University governance, internationalisation and rankings.”
