Chairman of the Economic and Financial Crimes Commission, Ola OlukoyedeThe Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that unbeknownst to young cryptocurrency traders in Nigeria, terrorists are using them to trade to fund terrorism in the country. The EFCC boss said some of the people who received money to trade in cryptocurrencies did not know that their financiers were sponsors of terrorism. He added that some of the 1,146 bank accounts recently frozen by the anti-graft agency were conduits for terrorism funding. “They are potential platforms to fund terrorism. The EFCC boss added that Nigeria must get to that stage where technology can be deployed to track naira notes used for terrorism funding.

Source: Punch May 17, 2024 16:30 UTC