The Nigeria Deposit Insurance Corporation (NDIC) has advised youths to steer clear of cybercrimes and embrace legitimate sources of income to secure their future.
By Desmond Ejibas
The Nigeria Deposit Insurance Corporation (NDIC) has advised youths to steer clear of cybercrimes and embrace legitimate sources of income to secure their future.
Mr Adefemi Shaba, NDIC Port Harcourt Zonal Controller, gave the remark on Friday while addressing over 300 students at the 2025 Financial Literacy Day held at Community Secondary School Okoro-Nu-Odo, Rumuagholu, Obio/Akpo area of Rivers.
The theme of the event was “Think Before You Follow, Wish Money for Tomorrow.”
Shaba emphasised the need for students to reject the ‘get-rich-quick’ mentality, saying that they should invest their time in productive and meaningful ventures that would secure their future.
According to him, cybercrime and other unlawful means of making money are destructive to progress, that must be avoided at all costs.
He explained that NDIC, in collaboration with the Central Bank of Nigeria (CBN), monitored and supervised banks to ensure safe and sound banking practices.
“NDIC is mandated to protect depositors’ funds, maintain stability within the financial system, guarantee bank deposit liabilities, and protect an efficient and effective payment system.
“This is why we are here – to educate students on managing their finances, saving, and investing for the future,” he stated.
Also speaking, Mr Alfred Ijah, Senior Manager, Communication and Public Affairs, NDIC, described the lack of financial literacy as a key challenge affecting the nation’s financial institutions.
He encouraged students to work hard, earn legitimately, and develop sound financial habits.
“It is important to cultivate the habit of saving, investing wisely, spending responsibly, and helping those in need.
“Making money through internet fraud, theft, or gambling is illegal. Money made through such means lacks legitimacy and is difficult to preserve or manage,” Ijah said.
Mr Peter Njoku, Assistant Director, Rivers State Ministry of Education, commended NDIC for selecting the state to host this year’s Financial Literacy Day.
Njoku, who represented the state government, stressed the critical importance of equipping young people with the knowledge of financial planning and long-term financial viability.
He urged students to apply the knowledge gained to improve their lives and grow into responsible citizens.
“Youths engaging in internet fraud require proper re-orientation, as cyber fraud is no different from stealing or robbery.
“They must desist, because every day is for the thief, but one day is for the owner of the house.
“If they persist, it will only lead to ruin, destroying their future and potential,” he concluded. (NAN) (www.nannews.ng)