2008); cyber crime is becoming one of the fastest growing-internet (fraudulent?)businesses in Nigeria (Aghatise, 2006).
Numerous crimes are committed on daily basis on the internet with Nigerians at the forefront of sending fraudulent and bogus financial proposals all over the world (Longe &
Chiemeke, 2008). According to a 2007 internet crime report released by the Internet
Crime Complaint Centre (IC3), Nigeria ranks third among cyber crime committing countries in the world. The report indicates that the “Nigerian letter fraud” (Email Scams) received in the United States, constituted 1.1% and the individuals reporting fraud-type monetary loss in 2007 puts Nigerian letter fraud at 6.4%, amounting to 1,922.99 million
US dollars (Odapu, 2008).
Similarly, the Chairman of Nigeria’s Economic and Financial Crimes Commission
(EFCC), Ibrahim Lamorde, has recently announced that more than 288 persons have been convicted over various internet crimes in Nigeria, while 234 are still being prosecuted in different courts across the country (EFCC, 2012). In a related development, the EFCC also recently arrested two university undergraduates, Hope Olusegun and Tunde Wasiu Sodiq in Lagos, on the 4th January, 2013 for allegedly belonging to two syndicates, who specialize in defrauding unsuspecting Nigerians and foreigners through internet scams (Soni, 2013).
Adeniran (2008) observes that the technological advances have brought striking changes to Nigerian cultures, patterns of socialization, social institutions and social interactions.
According to him, youths, especially undergraduates and the unemployed
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