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Nigerian Languages / [Crypto] crypto trading being used to fund terrorism, EFCC tells Nigerian youths
« on: May 18, 2024, 12:41:33 PM »
The EFCC chairman said our crypto are being used to finance the country's terrorism - I couldn't wrap my head round the whole thing because it's kind of weird for someone who has been in the financial sector to think this way. The young people in power are even worse than the old fashioned politicians we criticize daily.
When the SEC and the EFCC positions were appointed, we all thought it was a way to financial freedom for the youths since these positions are occupied by the youths. Instead we're on the knife here.
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When the SEC and the EFCC positions were appointed, we all thought it was a way to financial freedom for the youths since these positions are occupied by the youths. Instead we're on the knife here.
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Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies,” Olukoyede said.
“They are potential platforms to fund terrorism. A lot of us don’t understand that. Some of our discoveries during investigation of some of these platforms were mind boggling.
“We thought Binance was a major one. Yes, it was. We are prosecuting them. But there are other platforms we have discovered.
“They used some of these young men. Some of them don’t know that the people who gave them money to trade are people who fund terrorism.”
The anti-graft agency chief also noted that there is a need to adopt technology in tracking money used to fund terrorism in the country
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