The Economic and Financial Crimes Commission (EFCC)’s acting chairman, Ibrahim Magu, identified the rise in the country’s digital currency-related crimes as worrisome.
He said the commission was flooded with victim requests.
The spokesperson for the commission, Tony Orilade, cited the president in a declaration in Abuja on Thursday to express the concern at Ibadan’s 12th annual retreat for Heads of Bank Security and Other Financial Institutions.
The retreat theme was “Fighting Financial Crimes in a Digital Economy,” organized by Nigeria’s Chartered Bankers Institute (CIBN).
Hanafi Baba-Ahmed, a senior commission official, represented Mr Magu.
Mr Magu instructed Nigerian bankers to be guided in the fulfillment of their responsibilities by the ethics of their profession.
He said the committee would focus on their knowledge, including other sister anti-graft organizations, to wage an efficient war against the epidemic of digital currency fraud.
The chairperson also praised the retreat theme which, he said, would give participants the chance to understand the threats posed by the threat and discuss security management approaches to address them.
“Let us discuss the importance of the digital revolution vis-a-vis the necessity of proper supervision over potential loopholes we are seeing.
“As professionals in the industry, I want to urge you to be properly guided by the ethics of your profession including the identification and reporting of suspicious transactions.”
