Ola Olukoyede, Chairman of the Economic Financial Crimes Commission (EFCC), has revealed that youths trading in cryptocurrencies are not aware that they are being used to fund terrorism in the country.
The EFCC Chairman said this at an event on Wednesday where he asserted that the owners of these trading platforms are sponsoring terrorism. The EFCC discovered that there were other platforms apart from Binance funding terrorism in Nigeria. About 1,146 bank accounts have been frozen lately due to this discovery.
He stated, "Some of you are aware of our activities in the area of investigating virtual currency trading and the likes of cryptocurrencies. They are potential platforms to fund t£rrorism. A lot of us don’t understand that. Some of our discoveries during the 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"