The Economic and Financial Crimes Commission (EFCC) has raised fresh concerns over the growing involvement of Nigerian university students in cybercrime, with its Chairman, Olanipekun Olukoyede, warning that the trend has reached alarming levels across campuses.
Olukoyede said investigations by the commission suggest that as many as six out of every 10 students in Nigerian universities are engaged in internet fraud, commonly referred to as “Yahoo Yahoo”. He described the situation as deeply troubling for the country’s education system and future workforce.
EFCC Boss Speaks at Pro-Chancellors Conference in Kano
The EFCC chairman made the disclosure at the 8th Biennial Conference of the Committee of Pro-Chancellors of State-Owned Universities in Nigeria, held in Kano. The event focused on “Unlocking the Potentials of Artificial Intelligence: University Governance, Internationalization and Rankings”.
He told participants that findings from recent field operations and investigations show a widening pattern of cybercrime involvement among undergraduates. According to him, many of those arrested in recent operations were still students at various institutions.
Olukoyede said the development reflects a broader breakdown in discipline and oversight within parts of the higher education system.
“Disturbing Situation” as Students Allegedly Compromise System
Describing the trend as a “sad development,” the EFCC boss said some students involved in cybercrime have gone as far as compromising academic structures. He alleged that in some cases, lecturers were placed on payrolls by fraud networks operating within campuses.
He also pointed to a major operation in Lagos where 792 suspects linked to a transnational cybercrime syndicate were arrested. According to him, a significant number of those arrested were university students.
Olukoyede said the operation, supported by artificial intelligence tools, exposed the scale and sophistication of cybercrime networks operating within and outside Nigeria.
Rise of “Yahoo Plus” and Deepening Concerns
The EFCC chairman also warned about the growing trend of “Yahoo Plus,” where internet fraud is allegedly combined with fetish practices. He said the development highlights the evolving nature of cybercrime and its increasing complexity among young people.
He urged university authorities and governing councils to take urgent action to address the situation, including tighter institutional controls and stronger collaboration with law enforcement agencies.
Call for AI-Driven Governance in Universities
Olukoyede called on pro-chancellors to adopt artificial intelligence-driven systems to improve transparency, accountability, and financial management in universities. He noted that many institutions still rely on manual processes, making them vulnerable to fraud.
He listed areas where AI could be deployed, including payroll management, procurement monitoring, fraud detection, and academic integrity systems. According to him, such tools can help identify suspicious transactions and irregular payments in real time.
“A university that lacks financial accountability cannot credibly train future professionals. The integrity of our universities is a matter of national security,” he said.
Technology, Security and Institutional Weaknesses
The EFCC chairman stressed that while artificial intelligence can improve governance, it must work alongside human oversight and comply with existing laws such as data protection and procurement regulations. He also called for stronger investment in digital infrastructure, including broadband and cloud systems, to support modern governance tools.
Olukoyede added that the EFCC has already deployed AI in areas such as digital forensics and financial tracking during investigations. However, he emphasised the need for broader capacity building in cybersecurity, machine learning, and digital governance across institutions.
Rising Cybercrime Trend Sparks Fresh National Concern
The EFCC warning adds to growing concerns about youth involvement in cybercrime and its impact on Nigeria’s education system and global reputation. While enforcement actions continue, officials say stronger institutional reforms and technology-driven oversight may be necessary to address the scale of the challenge.
Authorities are expected to deepen collaboration between universities, regulatory bodies, and anti-corruption agencies as pressure mounts to curb the rising trend of internet fraud among students.