The Nigerian Communications Commission ( NCC) , has revealed that Nigeria currently ranks third globally in cyber crimes behind the UK and the U . S .
This was disclosed by the NCC’ s Chief Executive Officer, Prof . Umar Danbatta , on Tuesday at the ongoing 2017 Annual General Conference of the Nigerian Bar Association in Lagos .
Danbatta , at a breakout session with the sub-theme: “ The Business of Cyber Law, Internet Policy and Privacy Rights ”, moderated by a former NBA President , Mr . Augustine Alegeh ( SAN) , said the number of internet users in Nigeria has hit 91 .6 million.
He said :
“ About N 127 billion was the estimated loss to cyber crime in Nigeria in 2015 ; Nigeria ranks third in global internet crimes behind the UK and U. S .
“ A critical factor militating against Africa ’ s economic resurgence is the weakness of its institutions .
“ Nigeria ranks 169 out of 199 on the World Bank ’s ease of doing business rankings ; we are in a middle of a revolution and the rise of what we call the networked society .
“ The NCC stipulates the laws of engagement that will make the cyberspace safe and ensure the confidence as well as the safety of the cyberspace , ”
“ There are benefits and risks of the use of cyberspace and both have to be properly managed . ”