EDE – The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has cautioned university graduates to steer clear of internet fraud, warning that involvement in such criminal acts could destroy their careers and future.
Speaking during the 17th Convocation Lecture of Redeemer’s University on Wednesday, Olukoyede delivered a thought-provoking paper titled “Beyond Degrees: Cultivating Purpose, Resilience and Service in a Complex World.” He emphasized that while technology offers countless opportunities for creativity and legitimate income, it is also being misused by some young Nigerians for fraudulent purposes.
The EFCC boss urged the graduating students to channel their digital skills into productive ventures rather than crime. He noted that engaging in cybercrime only leads to wasted years, public disgrace, and possible imprisonment, citing the example of Invictus Obi and other cases he has encountered in his years of service.
“In the same digital space where young Nigerians are making global impact through innovation and legitimate enterprise,” he said, “many others are also using that space to perpetrate fraud and make illicit gains. But such wealth never lasts and often ends in regret.”
Olukoyede encouraged the graduates to face life’s challenges with confidence and resilience, reminding them that success requires belief in one’s abilities and a commitment to integrity.
He warned them against succumbing to desperation or peer pressure in the quest for quick wealth, noting that temporary riches acquired through deceitful means often lead to infamy.
“Never allow the urge to get rich quick to control your choices,” he said. “The so-called wealth gained through fraudulent means fades away quickly. If in doubt, ask your parents about the notorious 419 kingpins of the 1990s — very few of them are still relevant or respected today.”
In his remarks, the Vice-Chancellor of Redeemer’s University, Professor Shadrach Akindele, described the convocation lecture as an avenue for sober reflection on the essence of education and character formation. He noted that the event aligns with the university’s mission to produce graduates who excel academically and embody godly virtues.
“This convocation lecture,” Professor Akindele stated, “is not just a formality before graduation. It serves as a platform for deep reflection on the meaning of education and the kind of graduates we release into the world.”
