News Investigators/ Ola Olukoyede, the Chairman, Economic and Financial Crimes Commission (EFCC), on Thursday urged the media and the Civil Society Organisations’ (CSOs) support in the fight against cryptocurrency’s fraud.
The chairman made the appeal while declaring Workshop on capacity building for media and CSOs open in Maiduguri.
The theme of the workshop was “Understanding Cryptocurrency Fraud and other Emerging Financial Crimes.”
Mr Olukoyede, who was represented by Aisha Habib, the commission’s Zonal Director in Maiduguri said cryptocurrency, which was once a niche interest had became a significant part of the global ecosystem.
The chairman said while the ecosystem had offered immense opportunities for growth and innovation, it had also presented new challenges and risks in the realm of financial crimes which call for strategic awareness campaign.
“As we gather here today, we recognise the importance of staying ahead of the curve and equipping ourselves with the knowledge and tools necessary to combat financial crimes.
“This workshop is a crucial step in that direction to share insights, practices and strategies to mitigate the risks associated with cryptocurrencies and other emerging financial technologies,” Olukoyede said.
He, however, urged participants to use the opportunity to learn from each other, share experiences and strengthen their collective efforts to protect the economy and citizens from the scourge of financial crimes.
The chairman also called on Nigerians to be very sensitive before making any investment related to cryptocurrency, saying the issue of crypto, whether legitimate or illegitimate was ongoing but people need to be cautious.
“We want to create awareness to the people about the advantages and disadvantages.
“There are risks and frustration and that is why we felt it’s necessary to come and engage with you (media and CSOs) and highligh the prevailing issues, “Olukoyede added.
He, therefore, urged Nigerians to be more cautious about it and avoid being greedy while perfecting such financial transactions, saying there was noting like 200 per cent profit in the business.
NAN
