Corrupt Politicians Turning to Crypto Wallets to Hide Loot - EFCC Boss, Ola Olukoyede
[NigerianEye - Nigeria] - 10/07/2025
The Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, has raised concerns about the increasing use of cryptocurrencies by crooked politicians and fraudsters to hide proceeds from criminal activities. Speaking at an event marking Africa Anti-Corruption Day in Abuja, on Thursday, Olukoyede highlighted the growing threat of virtual assets fraud and dubious investment schemes in Africa.Olukoyede noted that corrupt individuals are using cryptocurrencies to evade detection and launder money. He warned that virtual assets fraud could soon surpass traditional money (…)
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