Expert Predicts Surge in Forex and Crypto Scams in Nigeria by 2026

Cybersecurity expert Remi Afon forecasts a doubling of forex, crypto, and online investment scams in Nigeria by 2026, driven by cybercriminals adopting sophisticated AI techniques. The cybercrime landscape is evolving, making it harder to detect fraudulent activities exploiting cultural trust networks.

Nigeria's cybercrime evolution involves a shift towards technology-enabled criminal activities across borders, mirroring continental trends. Notable arrests by organizations like EFCC and Interpol highlight the growing scale of Nigerian-linked cybercrime networks.

The use of AI in scams is expected to increase, posing challenges for victims and law enforcement.