AN ASSESSMENT OF THE ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC) IN COMBACTING CYBERCRIMES IN KWARA STATE, NIGERIA

ALOKUN,, Ayomide Emmanue (2022) AN ASSESSMENT OF THE ECONOMIC AND FINANCIAL CRIMES COMMISSION (EFCC) IN COMBACTING CYBERCRIMES IN KWARA STATE, NIGERIA. Masters thesis, Landmark University, Omu Aran, Kwara State.

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Abstract

The Nigerian economy has been plagued by fraudulent activities, economic mismanagement, corruption, a lack of accountability and transparency. Systemic inefficiencies, particularly in the public sector, were caused by fraud that went undetected. Nigeria is the most populous nation in Africa with a population of over 200 million and 91 million active internet users. With 47% of its population from West Africa, the nation is multicultural and multiethnic. The study adopts the general deterrence theory because it integrates choice theory and rational choice theory because the seriousness, promptness, and certainty of punishment can deter criminal behavior. This study is aware of how cybercrime affects the Nigerian system. This study aims to evaluate the contribution made by the EFCC to lowering cybercrime in Nigeria using data from all three senatorial districts in Kwara State as well as a few selected government parastatals. The purpose of this study was to better understand the nature of cybercrime, its effects on the Nigerian system as a whole, and the efficiency of the EFCC in reducing cybercrime among young people in Kwara State and throughout Nigeria. The study reveals that cybercrime has penetrated the Nigerian system profoundly and if left unchecked, would persist in the nearest future due to the EFCC's failure to permanently reduce youth cybercrime. Conclusions were generated based on the results of the test performed using all pertinent information gathered and examined for each of the analyses. The findings demonstrated the effectiveness of EFCC efforts in promoting financial accountability and transparency in cyberspace, as well as its capacity to identify and tackle cybercrime across the nation of Nigeria. Keywords: Fraud, Corruption, Conviction, Cybercrime, Security

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