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Nigeria’s EFCC Operatives Trained on Cryptocurrency, Blockchain Technology

 

The training is to enable EFCC  officials to meet up with the challenges of emerging crimes in the country.


The Economic and Financial Crimes Commission (EFCC) has trained its officials on cryptocurrency and blockchain technology.

The training, according to the EFCC is to enable its officials meet up with the challenges of emerging crimes in the country.

Speaking at the end of the Four-Day Workshop held in Abuja,the Acting Deputy Commandant, Administration, EFCC Academy, Assistant Commander of EFCC, ACE Joseph Ogwiji said that the training would give the officers and understanding of the new industry and the emerging crimes in the sector.

Ogwiji noted that  the Commission would remain proactive in its operations, by ensuring that its officials are kept up-to-date with the new industry.

“Cryptocurrency is an emerging trend, so we looked at the investigation aspect of it in order to expand the horizon of the officers.”

“Alot has been impacted in the participants and we are sure of turning out operatives that are well-grounded in investigation by utilizing forensic auditing approach.” he said.

The training which drew participants from the various units in the EFCC covered topics which included introduction to Crypto Currency, History of Crypto Currency, Block Chain Technology, How to open a Wallet Address, Investigating Cryptocurrency Cases,Use of Crypto Currency in the Dark Web, Forensic Auditing and Investigation, Mutual Legal Assistance among others.

The Economic and Financial Crimes Commission (EFCC) is a Nigerian law enforcement agency that investigates financial crimes such as advance fee fraud (419 fraud) and money laundering.

The EFCC was established in 2003, partially in response to pressure from the Financial Action Task Force on Money Laundering (FATF),which named Nigeria as one of 23 countries non-cooperative in the international community’s efforts to fight money laundering.


 




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