The Nigerian Communications Commission, NCC, has revealed that Nigeria currently ranks third globally in cybercrimes behind the UK and the U.S.
NCC’s Chief Executive Officer, Umar Danbatta, disclosed this on Tuesday at the ongoing 2017 Annual General Conference of the Nigerian Bar Association, NBA, in Lagos.
About N127 billion was the estimated loss to cybercrime in Nigeria in 2015; Nigeria ranks third in global internet crimes behind the UK and U.S.
“A critical factor militating against Africa’s economic resurgence is the weakness of its institutions.
“Nigeria ranks 169 out of 199 on the World Bank’s ease of doing business rankings; we are in a middle of a revolution and the rise of what we call the networked society.
“There are benefits and risks of the use of cyberspace and both has to be properly managed.”, he added.
