EFCC Uncovers Suspected Diversion of LG Funds Into Crypto Wallets
The Economic and Financial Crimes Commission has uncovered suspicious transactions involving funds allegedly transferred from a local government account to a private company and later moved into cryptocurrency wallets. EFCC Chairman, Ola Olukoyede, said the commission’s Fraud Risk Assessment and Control Department detected the transactions and intervened by freezing an account for 72 hours to trace the movement of the funds. According to Olukoyede, investigators discovered that the money moved […]
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