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Youth Participation In Social Media Fraud; Problems,effect And Solution
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CHAPTER ONE
INTRODUCTION
1.1 Background of the Study
The invention of electronic devices such as modern communication hard-wares, internet service and computer systems has been a major landmark in human history. Ayantokun (2006), defined computer as a machine that performs tasks, such as calculation or electronic communication, under the control of a set of instructions called a program. Programs usually reside within the computer and are retrieved and processed by the computer’s electronics. The program results are stored or routed to output devices, such as video display monitors or printers. Oyewole and Obeta (2002), define a computer as an electronic device that accepts, processes, stores and outputs data at high speed according to programmed instructions. Computers perform a wide variety of activities reliably, accurately and quickly depending on the purpose it was designed for. Computer can be used in areas of education, medicine, engineering design, scientific research, office automation, personal administration etc (Morley and Parker, 2007).
According to Rogers (1995), the rapid evolution of the computer brought the internet. The internet services have reduced the world into a global village which makes it look as if everybody is in the same place at a particular point in time. Aside the fact that the internet has made communication to be easier and faster, a lot of other transactions are consummated at the speed of lightening. Oyewole and Obeta (2002), state that the internet is the inter connection of computer across the world thereby creating unlimited opportunities for mankind. Ehimen and Bola (2009), state that cyberspace has provided a save haven for internet platform, which has created geometric growth and accelerated windows of opportunities for businesses and the removal of economic barriers hitherto faced by nations of the world. People from diverse areas of human endeavor can now freely access and utilize the advantages offered by internet platform. In addition, Young Media Association (2007), listed the following as the positive gain the internet has brought to the world:
Facilitation of job search and employment.
Accessibility to research information for education and businesses.
Rural integration.
Enhancement of trade and commerce.
Sharing of resources and ideas.
Enhance communication.
1.2 Statement of the Problem
The contribution of internet to the development of the nation has been marred by the evolution of a new wave of crime. The internet has also become an environment where the most lucrative and safest crimes thrive. There are indications that social media fraud is rising. For example, a 2005 YouGov poll of UK Internet users found that 1 in 20 had lost money in online scams. Also a 2001 survey revealed that 52 per cent of companies interviewed said internet fraud posed real problems for them (Wall, 2007). These are clear indications that social media fraud is on the increase and as such, it is beginning to gain recognition at the global level and there is dearth of study in the area of this burgeoning criminal act in Nigeria.
Technology has integrated nations and the world has become a global village. The economy of most nations in the world is accessible through the aid of electronic via the internet. Since the electronic market is opened to everybody (which includes eavesdroppers and criminals), false pretence find a fertile ground in this situation. Vladimir (2005), said the internet is a global network which unites millions of computer located in different countries and open broad opportunities to obtain and exchange information but it is now being used for criminal purposes due to economic factors. Nigeria, a third world country is faced with so many economic challenges such as unemployment amongst others, which are capable of making this crime thrive. Apart from the economy factor been a possible cause of social media fraud in Nigeria, there might be other causes for the continued rise in social media fraud activity.
In Nigeria, perpetrators of this crime who are commonly referred to as “yahoo yahoo boys†take advantage of e-commerce system available on the internet to defraud victims who are mostly foreigners thousands and sometimes millions of dollars. They fraudulently represent themselves as having particular goods to sell or that they are involved in a loan scheme project. They may even pose to have financial institution where money can be loaned out to prospective investors. In this regard, persons and organization are duped or have fallen victims. However, these are not the only techniques used by these social media fraudsters, there could be others which the research intends to unravel.
Attempt to address social media fraud by various governments and international organizations have not been successful owing to the fact that the identities of the perpetrators of social media fraud remain ambiguous and inadequate. A study by Zero Tolerance (2006), indicates that social media fraudsters are usually within the age bracket of 18 to 30 years and they indulge in the crime in order to survive and have a taste of good life. Noting these observations, there is need to identify more attributes/characteristics these social media fraudsters possess and what are other causes since it have been acknowledged that a good taste of life is a major factor.
Consequently, many countries have intensified efforts in curbing the excesses of social media fraudsters. Nevertheless, efforts have been made by the Federal Government of Nigeria to curb the menace of the crime too. For instance, according to Awe (2009), the government of President Olusegun Obansanjo in 2003 set up a working group known as the Nigeria Cyber Crime Working Group (NCWG) to address this phenomenon since the loss suffered by both consumers and investors creates serious credibility and image problem to the country. Similarly, according to Abdulhamidet al, (2011), in Nigeria, a bill title “Cyber Security and Critical Infrastructure bill†is presently been prepared to deal specifically with the menace of social media fraud. The Economic and Other Financial Crime Commission (EFCC) and the Nigerian Police Force (NPF) have also played vital roles in curbing this menace. To support their efforts, Microsoft and other internet related organizations like PARADIGM Initiative Nigeria, Background Check International (BCI) and the Internet safety,
Security and Privacy Initiative for Nigeria (ISSPIN) have also assisted to curb the maladies (Awe, 2009). In spite of all these efforts, social media fraud in Nigeria is still on the increase. The situation raises a question on the type of social media fraud that is on the increase and remedy to solve the menace. Consequently, base on the above statements the research work was designed to provide answers to the research questions raised and also to suggest solutions to the problem.
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