Public funds moved from LG account into crypto wallets – EFCC

The Economic and Financial Crimes Commission has disclosed how public funds were moved from a local government account to a private company before being transferred into cryptocurrency wallets. The EFCC Chairman, Ola Olukoyede, disclosed on Monday while addressing media executives and journalists in Abuja, stressing th

Olukoyede said the EFCC had established the Fraud Risk Assessment and Control Department (FRAC) to monitor suspicious financial movements and act within 72 hours.