The Police Special Fraud Unit (PSFU) has apprehended 14 suspects, including eight students, four members of the National Youth Service Corps (NYSC), and two others, on allegations of involvement in internet fraud.
The suspects, aged between 18 and 28, were arrested on January 15 in Saapade, Ogun State, according to a statement released by the unit’s Public Relations Officer, SP Johnson Eyitayo, on Sunday.
Details of the Arrest
SP Eyitayo revealed that the eight students were enrolled at Gateway Polytechnic, Ogun State, while the other two suspects claimed to be an artist and a cobbler. The suspects were believed to be part of a cybercrime syndicate operating in Lagos and Ogun states.
Engagement with Student Leaders
Following the arrests, leaders from various student bodies, including the National Association of Nigerian Students (NANS), National Association of Polytechnic Students (NAPS), Association of Southern Nigerian Students (ASONIS), and Gateway Polytechnic’s Student Union Government, visited the Commissioner of Police in charge of the PSFU for dialogue.
The Commissioner emphasized the importance of a collaborative approach between the police and student unions to address cybercrime while ensuring the welfare and integrity of law-abiding students. He urged student leaders not to shield criminal elements but to work with the police to uphold justice.
Cybercrime and FATF Grey List Implications
The Commissioner also highlighted the broader consequences of cybercrime on Nigeria's international financial reputation, noting that the country remains on the Financial Action Task Force (FATF) grey list. He outlined the economic implications, including:
- Reduced foreign investment.
- Increased transaction costs.
- Difficulties in international transactions.
- Increased regulatory scrutiny.
- Loss of government revenue.
- Undermining of financial markets.
- Reduced cross-border trade and loss of correspondent banking relationships.
Police Advisory to Students
The PSFU urged student union leaders to educate their members on the negative impact of cybercrime and to encourage lawful behavior to protect Nigeria’s global image. Investigations into the case are ongoing, and the suspects are expected to face prosecution if found guilty.
