Nigeria's Senate Committee on ICT and Cybercrime is looking to review the West Afrikan country's Cybercrime Act. The aim is to have it on par with similar laws in developed countries.

This statement by the Senate Committee comes after earlier in September 2017 Nigeria's National Information Technology Agency (NITDA) announced that it will be establishing a National Cyber Security Research Center (CSRC).

To this effect, the Senate Committee is hosting a 3-day conference from 6 - 9 November 2017. According to Abdulfatai Buhari, Chairperson of the committee, one of the aims of the ICT and Cybercrime conference will be to review Nigeria's Cyber-crime Act.

“If you remember, in March 2015 the former President signed a bill on cybercrime but when you look at the bill, it is very scanty. So, we came up with a bill which has passed through first reading. Our intention is that if you take the bill for second reading without the input of experts, you are just wasting your time. We need to study how other countries are implementing their cybercrime law. Most people don’t even know that we have a cybercrime law in this country. That’s one of the reasons for this conference. We want to gather every knowledge so as to prepare the bill for the second reading. By the time we are coming for the public hearing, the bill will be so rich and we’ll have something to fall back on,” said Buhari when addressing media.

In 2016 alone the NITDA revealed that Nigeria lost 89,55 billion Naira (approximately $450 million) a year to cybercrime. The most common form of cybercrime in Nigeria has also been revealed to be through social engineering for money fraud (or what is known as the 419 scam), where people are tricked into revealing personal information and breaking normal security procedures.