Nigeria’s financial integrity is at risk due to the lack of oversight regarding digital currencies, according to the top official at the nation’s premier anti-corruption agency. A call for increased regulation has been made to safeguard the system.
Ola Olukoyede, who leads the Economic and Financial Crimes Commission (EFCC), emphasized that cryptocurrency, while a significant driver of advancements globally, presents considerable dangers to Nigeria in its current unregulated state. He advocates for cooperation to ensure adherence to laws and to protect those investing in digital assets.