The Economic and Financial Crimes Commission (EFCC) has secured 192 convictions after arresting 4,111 people suspected of money laundering in financial institutions across Nigeria.

Aisha Habib, the EFCC Acting Zonal Director, shared this during a training for journalists and civil society organizations (CSOs) in Maiduguri, Borno State. The training focused on building skills to fight financial and economic crimes, especially cryptocurrency scams.

Habib said, “Cryptocurrencies and other financial innovations bring new challenges and risks. It’s important to stay ahead to fight these crimes.” She added that understanding the financial landscape is key to combating economic crimes and that training helps people be prepared.

She also pointed out challenges EFCC faces, including limited funding and poor coordination with other government agencies, which make fighting money laundering harder.

Habib highlighted that public support is vital. With community cooperation, EFCC managed to arrest 792 fraudsters in just six hours this year, leading to 192 convictions. She urged journalists and CSOs to stay alert and inform communities about cryptocurrency scams and related financial crimes.

In the last two years, the EFCC has recovered over ₦566 billion from money laundering and other financial crimes in Nigeria.

Source; PM News