Internet fraud is becoming more prevalent than ever, and none of us is oblivious to that growing phenomenon. The response to the question of a choice between engaging in internet fraud or becoming a tech bro is obvious for many reasons, but there are many individuals who you think may tick the latter option but end up choosing internet fraud.
This is why Nigeria is full of them.
In fact, the disturbing rate of Internet fraud in the financial services sector came under the spotlight as the Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement System (NIBSS) expressed worry over the growing menace.
The Ministry of Communications had in 2017 disclosed that Nigeria loses about ₦127 billion yearly to cases of Internet fraud across all sectors of the economy. It added that the majority of the frauds were perpetrated on foreign domain names but had become popular among Nigeria’s millions of Internet users.
…and every other week, the EFCC releases details of alleged internet fraudsters who are in custody.
Studies have shown that unemployment and poverty are major causal factors of internet fraud – but so also is the choice of career, especially because the tech space has become so big that there are tens of career choices anyone could pick from.
Tech bro or Yahoo Yahoo
For our street tech this week, we wanted to find out if high school students understand the tech space and consider it a career. It was a simple question for them: Programming or Internet Fraud?
Their responses were recorded in the video below:
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