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Some youths trading in cryptocurrencies are being used to fund t£rrorism — EFCC chairman

 

The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has said some youths who trade in cryptocurrencies do not know that they are being used to fund t£rrorism in Nigeria.

Speaking at an event on Wednesday, the EFCC chair said some of the people who receive money to trade in cryptocurrencies do not know that their financiers are sponsors of t£rrorism.

He added that some of the 1,146 bank accounts recently frozen by the anti-graft agency were conduits for t£rrorism funding.

According to him, “Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies.

They are potential platforms to fund t£rrorism. A lot of us don’t understand that. Some of our discoveries during investigation of some of these platforms were mind boggling.

We thought Binance was a major one. Yes, it was. We are prosecuting them. But there are other platforms we have discovered.

They used some of these young men. Some of them don’t know that the people who gave them money to trade are people who fund t£rrorism.”

 


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Michael Tanyare Professionally known as Starmich is a talented and accomplished individual with a passion for excellence. With a strong background in writing, Michael has established himself as a respected professional in the blogging industry. Beyond his professional endeavors, Michael is known for his diverse range of interests. He is an avid online journalist, which further showcases his well-rounded personality and passion for exploring new horizons. Michael's commitment to continuous growth and learning is evident in his pursuit of excellence. This drive allows him to stay at the forefront of emerging trends and maintain a competitive edge in his field. With a warm and approachable demeanor, Michael is highly regarded for his strong communication skills and ability to connect with others. He thrives in collaborative environments and enjoys building meaningful relationships with colleagues and clients alike. In his free time, Michael enjoys surfing the internet. This balance between his professional and personal life reflects his belief in leading a fulfilling and well-rounded lifestyle. With a proven track record of success and a genuine passion for his work, Michael Tanyare continues to make a significant impact in his field. His dedication, expertise, and personable nature make him a valuable asset to any project or team."

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