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Increase in Digital Currency Crimes Worrisome, says Magu

EFCC acting chairperson Ibrahim Magu, has described as worrisome the surge in the digital currency related crimes in the country.

Magu expressed his concern at the 12th annual retreat for heads of security of Banks and other Financial Institutions in Ibadan.

The theme for the retreat was “Fighting Financial Crimes in a Digital Economy” organised by the Chartered Institute of Bankers of Nigeria (CIBN).

Magu urged Nigerian bankers to always be guided by the ethics of their profession in the discharge of their duties.

He said that the commission, including other sister anti-graft agencies, would rely on their expertise to wage effective war against the digital currency fraud epidemic.

“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.”
(NAN)