The study ascertained the perception of lecturers and students on the role of social support and psychological first aid in assisting financial fraud victims in South East Nigeria. The study adopted a descriptive survey design. The study was carried out in three Universities in the South East, Nigeria: the University of Nigeria, Nsukka; Nnamdi Azikiwe University, Awka; and Michael Okpara University of Agriculture, Umudike. The population comprises of 135 students and 52 lecturers in Home Economics programme of the three Universities, making a total of 187 respondents. The entire population is used as the sample of the study because of the manageable size. A 32-item Questionnaire was used as instrument for data collection. The instrument is validated by three experts. Data collected is analyzed using mean and standard deviation to answer research questions. Decision on research questions is taken based on real limits of numbers. For the test of significance, the probability (p) value is used in comparison with the alpha value of 0.05, and at 90 degree of freedom (df). The study found that social support and psychological first aid can be used to help financial fraud victims by reaching out to them to help them cope with stress and psychological trauma associated with loss of properties. The study recommended that government at all levels should establish social support and psychological first aid units that will help to cater for the emotional, psychological and other needs of financial fraud victims in order to enable them recover efficiently.