The Nigerian Communications Commission, NCC, has revealed that Nigeria is currently ranked third in the global list of most notorious perpetrators of cyber-crime attacks, coming behind the United Kingdom, UK, and the United States, US, which are both on the top list.
The Chief Executive Officer, CEO, of the NCC, Prof. Umar Danbatta, stated this on Tuesday during the on-going 2017 Annual General Conference of the Nigerian Bar Association, NBA, which has the theme: ‘African Business: Penetrating Through Institution Building’.
During a breakout session sub-themed ‘The Business of Cyber Law, Internet Policy and Privacy Rights’ moderated by ex-NBA president, Mr Augustine Alegeh, NBA, Danbatta, who was a panellist, said: “There are 91.6million internet users in Nigeria. N127 billion was the estimated loss to cybercrime in Nigeria in 2015.
“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.
“The NCC stipulates the laws of engagement that will make the cyberspace safe and ensure the confidence as well as the safety of the cyberspace.
“There are benefits and risks of the use of cyberspace and both have to be properly managed.”
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