By Abubakar Musa Haruna <\/p>\n\n\n\n
The Economic and Financial Crimes Commission, EFCC, has warned Nigerians about the growing prevalence of virtual asset and investment scams driven by advancing digital technologies across Africa.<\/p>\n\n\n\n
EFCC Chairman Mr Ola Olukoyede issued the warning during this year\u2019s African Union Anti-Corruption Day held in Maiduguri, Borno state.<\/p>\n\n\n\n
Mr Olukayode represented by Zonal Director in charge of Maiduguri\/Yobe, Mrs Aisha Habib explained that while virtual assets like cryptocurrencies are not illegal, they have become instruments of fraud in the hands of criminals exploiting unsuspecting Nigerians.<\/p>\n\n\n\n
He disclosed that recent EFCC investigations uncovered cases where illicit funds were hidden in cryptocurrency wallets, warning investors against falling for fake platforms promising quick returns.<\/p>\n\n\n\n
Citing the notorious CBEX scam, Mr Olukayode emphasised the need for public education, stating that ignorance and negligence often enable fraudsters to thrive.<\/p>\n\n\n\n
In a paper presentation, Professor Fatima Alfa Tahir of the University of Maiduguri stressed the importance of public enlightenment, especially with the rise of Artificial Intelligence used in digital fraud.<\/p>\n\n\n\n
Professor Tahir urged Nigerians to conduct thorough background checks before investing in virtual assets, noting that technological advancement demands greater caution and awareness.<\/p>\n\n\n\n
The Permanent Secretary, Borno State Ministry of Information, Aminu Chammalwa, and ICPC official Mr Linus, called for joint efforts by government agencies and the public to sustain the anti-fraud campaign.<\/p>\n","protected":false},"excerpt":{"rendered":"
By Abubakar Musa Haruna The Economic and Financial Crimes Commission, EFCC, has warned Nigerians about the growing prevalence of virtual asset and investment scams driven by advancing digital technologies across Africa. EFCC Chairman Mr Ola Olukoyede issued the warning during this year\u2019s African Union Anti-Corruption Day held in Maiduguri, Borno state. Mr Olukayode represented by […]<\/p>\n","protected":false},"author":1,"featured_media":2088,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[17,12,16,8],"tags":[],"class_list":["post-2089","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-headline","category-maiduguri","category-news","category-security"],"yoast_head":"\n