EFCC Probes University Officials Over Alleged Fraud, Warns Students Against Rising Cybercrime

EFCC Probes University Officials Over Alleged Fraud, Warns Students Against Rising Cybercrime The Economic and Financial Crimes Commission (EFCC) has launched investigations into several university officials across Nigeria over alleged financial misconduct, including inflated contracts and diversion of students’ fees, while also raising concerns about the growing involvement of undergraduates in cybercrime activities. According to the anti-graft agency, some vice-chancellors and senior university administrators are under scrutiny for suspected abuse of office, contract inflation, and mismanagement of institutional funds. The EFCC disclosed that preliminary findings indicate irregular financial practices in certain tertiary institutions, particularly involving procurement processes and the handling of internally generated revenue, including tuition and other student-related payments. Officials of the commission noted that such practices undermine accountability within the education sector and weaken public trust in higher institutions Investigators are reportedly examining cases where funds meant for infrastructure development, academic programmes, and student services were allegedly diverted for personal or unauthorized purposes. The agency emphasized that financial transparency in universities is essential, given the increasing financial burden placed on students and their families. Beyond administrative investigations, the commission warned that cybercrime has become widespread among students in Nigerian tertiary institutions.

The EFCC said intelligence reports show a rising number of undergraduates engaging in internet fraud and related offences, often referred to locally as “Yahoo Yahoo.” According to the commission, some students are being recruited into cybercrime networks while still on campus, turning universities into recruitment grounds for online fraud syndicates. The anti-corruption body urged university managements to strengthen internal audit systems, improve financial disclosures, and promote ethical conduct among staff and students. It also called on parents, school authorities, and security agencies to collaborate in discouraging cybercrime culture among youths. The EFCC reiterated its commitment to prosecuting any public officials or students found culpable, stressing that educational institutions must not become safe havens for corruption or financial crimes. The commission added that ongoing investigations may lead to arrests and prosecutions as evidence continues to emerge. The probe forms part of the EFCC’s wider efforts to enforce financial accountability across public institutions and combat economic crimes nationwide, particularly in sectors responsible for youth development and national capacity building.