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EFCC Alerts- Foreigners Building Camps In Nigeria For Global Crypto Fraud
https://osazuwaakonedo.news/efcc-alerts-foreigners-building-camps-in-nigeria-for-global-crypto-fraud/27/02/2025/
#EFCC #Abeokuta #Chinese #Europeans #Filipino #Gambia #Ghana #Olukoyede #Police #Rwanda #SCUML #Somalia #Tunisians ©February 27th, 2025 ®February 27, 2025 Economic and Financial Crimes Commission, EFCC has raised alarms that there are foreign syndicates in Nigeria building camps and recruiting Nigerians for global cryptocurrency fraud and other cybercrimes just as the chairman of the commission, Ola Olukoyede says the anti corruption commission will strengthen its collaborations with other law enforcement agencies to fight financial crimes to scale up the performance of Nigeria economy. #OsazuwaAkonedo
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economic and financial crimes commission
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efcc has raised alarms that there are
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foreign syndicates in Nigeria building
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camps and recruiting Nigerians for
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Global cryptocurrency fraud and other
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cyber crimes just as the chairman of the
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commission or says the anti-corruption
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commission will strengthen its
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collaborations with other law
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enforcement agencies to fight Financial
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crimes to scale up the performance of
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Nigeria economy details of the news as
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presented by the Public Relation unit of
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the economic and financial crimes
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commission efcc reads below organized
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foreign fraud syndicates establishing
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sales in Nigerian cities Ed the
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executive chairman of the economic and
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financial crimes commission efcc Mr Ola
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has alerted Nigerians that organized
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foreign fraud syndicates are
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establishing CS in Nigerian cities and
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recruiting young Nigerians into serious
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organized cyber crimes in including
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cryptocurrency fraud he met the
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disclosure in Abuja on Wednesday
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February 26 2025 while receiving
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participants of the executive
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intelligence management course e IMC 18
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of the National Institute for security
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studies NS led by the director of
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studies henus in to the commission or
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expressed surprise on how Bandits and
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insurgents are able to sustain their
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activities over the years stressing that
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the flow of small arms and light weapons
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across our borders and the involvement
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of nonstate actors in the illegal
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exploitation of minerals in parts of the
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country all compound the threats in the
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security landscape another dimension
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that is not given attention is the
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discovery recently that organized
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foreign fraud syndicates are
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establishing cell in Nigerian cities and
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recruiting young Nigerians into serious
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organized cyber crimes including
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cryptocurrency fraud he said speaking
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further he stated that by virtue of
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efcc's recent discovery we are beginning
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to see the likelihood the propensity
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that a lot of those people are into
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illegal importation of arms into the
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country using cryptocurrency as means of
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payment and this is an area that must
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interest all of us in the Special
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Operations we carried out in Legos
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recently we arrested 194 foreigners in
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the heart of Victoria Island
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194 of them Chinese Filipinos Eastern
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Europeans tunisians and the like in one
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building at a time you can imagine what
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these guys are doing
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194 of them some of them don't even have
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valid visas and most of the financial
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activities that carried out the de
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through
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cryptocurrency another thing that we
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discovered is that some of the
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foreigners we arrested were already EXC
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convicts in their countries some of them
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have been convicted and escaped from
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their countries and found safe heaven in
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Africa not only Nigeria we discovered
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that they are also developing cells in
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some other African countries by virtue
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of the investigation we are carrying out
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he said the EFC says b called for
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spirited efforts at both National and
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Continental levels to combat the Menace
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of Internet fra Stars stressing that the
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money laundering and National Security
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dimension of the presence of foreign
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organized crime groups demand close
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scrutiny all security intelligence and
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law enforcement organizations in Nigeria
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and indeed Africa must close ranks in
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dealing with this challenge he said Ed
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deced the fact that Nigeria for nearly
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two decades has been besieged by all
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manners of security challenges ranging
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from Insurgency banditry kidnapping for
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ransome and
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had clashes which he partly blamed on
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activities of non State actors
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specifically he noted that the role of
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nonstate actors in stalking the Embers
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of security and Corruption challenges
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has not been fully
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interrogated at the level of the efcc we
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have always been suspicious of the
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activities of nonstate actors in the
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areas where we are challenged security
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wise in the Northeast for instance the
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activity of local and international NOS
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have been under Focus this was a major
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impetus for the decision to mandate
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their registration with
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scuml special control unit against money
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laundering a department in efcc and a
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clear directive to notify the commission
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on cash movements within the region he
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said earlier in his speech n commandant
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Joseph obul odama who spoke through ug
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press 's leader ship of the efcc for the
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commissions remarkable achievements in
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combating corruption money laundering
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and other Financial crimes noting that
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the achievements have not only
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strengthened Nigeria's Integrity but
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have also served as a model for other
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nations in Africa and Beyond he further
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noted that the efcc under Ed has been at
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the Forefront of investigating and
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Prosecuting Financial crimes including
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those involving known States actors your
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commission's exploratory activities have
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uncovered the intricate networks through
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which some Nos and other entities
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Channel funds to support hostile known
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State actors thereby filing instability
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in various parts of the country and the
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African continent we recognize the
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critical role the efcc plays in
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destructing these networks and ensuring
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accountability in light of this we are
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particularly interested in hearing your
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insights on how your commission
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navigates the complexities of
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investigating and Prosecuting cases
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involving non State actors we also seek
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your contributions on how Nigeria and
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other African nations can strengthen
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legal and institutional Frameworks to
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address the challenges posed by these
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actors while promoting transparency and
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accountability in their operations
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members of the
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N mc8 compris 74 senior officers drawn
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from Nigeria's intellig Community the
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military law enforcement agencies
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including the efcc strategic government
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Ministries and representatives from the
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federal and state governments and
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international participants from Ghana
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Somalia Rwanda and The Gambia the T for
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ec8 is non State actors in security
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management issues challenges and
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prospects for peace and development in
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Africa which according to G was
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carefully selected in recognition of the
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growing influence of known State actors
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in sharing the security landscape across
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the continent part of the highlights of
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the visit featured an Enlightenment and
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question and answer session moderated by
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the director of efcc's public affairs
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Department commander of the efcc CE
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Wilson Jaren director of scuml commander
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of the efcc C Daniel e director special
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duties Office of the executive chairman
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CE Fray EO and director legal and
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prosecution CE sanus here son offered
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insights on what the efcc has done in
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strengthening the anti-corruption
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engagement through its diverse
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activities onuk area funds using
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anti-graft fights to stimulate economic
7:51
growth the executive chairman of the
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economic and financial crimes commission
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efcc Mr Ola Ed has reaffirmed the
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commitment of the anti-corruption agency
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to strengthen its collaboration with law
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enforcement agencies in order to
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stimulate the economy he disclosed this
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in abuta aun on Monday February 24th
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2025 at the opening ceremony of the
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fifth edition of the Nigeria police
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annual conference and Retreat for senior
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officers the them of the conference
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improving Nigeria's internal security
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and economic Prosperity through incl
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inclusive policing he said align with
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the vision and mission of the
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efcc stimulating the economy of Nigeria
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is something that we take very seriously
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as part of the them of this conference
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and I assure you of our solid support
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and commitment to the shared mandate he
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said while commanding the Inspector
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General of police IP kyot ukun for
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convening the conference with such a
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striking team he noted that the police
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led a solid foundation for the
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efcc as efcc we identify ourselves with
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the Nigeria police and I thank the
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police for lying a solid foundation for
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the efcc it's a very solid foundation
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that we are building on he said he
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further noted that most specialized law
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enforcement agencies in Nigeria came
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from the Nigeria police he reaffirmed
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the resolve of the efcc to continue to
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collaborate and synergize with the
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Nigeria police in the area of prevention
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and investigation of financial crimes
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continuing he pointed out that we have
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identified ourselves with the very
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serious Mandate of the recovery of
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proceeds of crime and I assure you of
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our solid support and commitment to the
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shared mandate dignitaries at the event
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included vice president kashim shettima
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the aun State Governor Mr D abun members
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of The National assembly ministers
10:01
service Chiefs top government officials
10:04
industry leaders and other key
10:09
stakeholders work bringing you the news
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