EFCC Raises Concern Over Surge in Fake Dollars and Cyber Crimes …vows to tackle Corruption and Strengthen Anti-Money Laundering Measures

From our Correspondent

The Economic and Financial Crimes Commission (EFCC) has expressed alarm at the sudden surge in counterfeit US dollars and cybercrimes within the country.

Speaking during a workshop organized for journalists on ‘Effective Reporting of Economic and Financial Crimes,’ in Makurdi, Benue state, the EFCC’s Acting Chairman, Abdulkarim Chukkol, disclosed the agency’s commitment to addressing this pressing issue.

Mr. Chukkol reaffirmed the EFCC’s primary objective of reducing corruption in Nigeria to its lowest levels and assured that the agency would continue to carry out its responsibilities with utmost professionalism.

He state that, “Through the commission’s enforcement activities, recoveries totaling several billion naira have been recorded, and the country’s anti-money laundering framework has been reinforced.

Moreover, Mr. Chukkol issued a stern warning against individuals sharing their bank details with unauthorized persons to prevent their involvement in illicit financial transactions. “I urge the media to educate family members, friends, politicians, and others about the risks of imprisonment if their company or bank accounts are used to launder proceeds from illegal activities,” emphasized the EFCC chief.

He further highlighted that the Money Laundering Act of 2022 classifies family members and close associates of politicians, public officeholders, and top civil servants as politically exposed persons.

“The EFCC is unwavering in its determination to ensure that those who embezzle public funds and all those who aid them are brought to justice. Ignorance of the law will not be an excuse,” Mr. Chukkol, warned.

Mr. Chukkol also revealed that the EFCC had secured a remarkable 3,785 convictions in 2022, marking the highest number of convictions since its establishment.