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Speaker 1: Economic and Financial Crimes Commission EFCAC has raised alarms that

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there are foreign syndicates in Nigeria building comps and recruiting

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Nigerians for global cryptocurrency fraud and other cyber crimes, just

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as the Chairman of the Commission, Alla of Lucule says,

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the Anti Corruption Commission will strengthen its collaborations with other

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law enforcement agencies to fight financial crimes to skill up

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the performance of Nigeria economy. Details of the news as

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presented by the Public Relations units of the Economic and

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Financial Crimes Commission EFSAC rings below. Organized foreign fraud syndicates

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establishing cells in Nigerian cities or Yukoeda. The Executive Chairman

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of the Economic and Financial Crimes Commission EFSAC, Mister alla

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O Yuquid, has alerted Nigerians that organized foreign fraud syndicates

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are establishing cells in Nigerian cities and recruiting young Nigerians

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into serials organized cyber crimes, including cryptocurrency fraud. He met

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the disclosure in Abuja on Wednesday, February twenty six, twenty

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twenty five, while receiving participants of the Executive Intelligence Management

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Cause EI MC eighteen of the National Institute for Security

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Studies NIS, led by the Director of Studies, Hygenus. In

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related the commission, a recorded expressed surprise on how bandits

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and insurgents are able to sustain their activities over the years,

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stressing that the flow of small arms and light weapons

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across our borders and the involvement of non state actors

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in the illegal exploitation of minerals in parts of the

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country all compound the threads in the security landscape. Another

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dimensioned that is not given attention is the discovery recently

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that organized foreign fraud syndicates are establishing selves in Nigerian

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cities and recruiting young Nigerians into serials organized cyber crimes,

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including cryptocurrency fraud, said Speaking further, he stated that by

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virtue of EFC State’s recent discovery, we are beginning to

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see the likelihood the propensity that a lot of these

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people are into illegal importation of arms into the country

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using cryptocurrency as means of payment, and this is an

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area that must interest all of us. In the special

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operations we carried out in Legos recently, we arrested one

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hundred and ninety four foreigners in the hearts of Victoria Island,

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one hundred and ninety four of them Chinese, Filipinos, Eastern Europeans,

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Tunisians and the like in one building at a time.

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You can imagine what these guys are doing. One hundred

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and ninety four of them, some of them don’t even

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have valid business and most of the financial activities the

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carrying out the dead through cryptocurrency. Another thing that we

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discovered is that some of the foreigners we arrested were

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already ex convicts in their countries. Some of them have

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been convicted and escaped from their countries and found self

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heaven in Africa, not all in Nigeria. We discovered that

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they are also developing cells in some other African countries

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by virtue of the investigation we are carrying out, he said.

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The EFSENCES was called for spirited efforts at both national

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and continental levels to combat the menace of Internet fosters.

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Stresses that the money laundering and national security they mentioned

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of the presence of foreign organized grant groups demand close

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scrutiny all security, intelligence and law enforcement organizations in Nigeria

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and indeed Africa must close ranks in dealing with this challenge.

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He said, Only Codain decried the fact that Nigeria for

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nearly two decades has been besieged by all manners of

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security challenges, ranging from insurgency, bunditry, kidnap, being for ransom

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and farmers had clashes, which he partly blamed on activities

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of non state actors. Specifically, he noted that the role

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of non state actors in stoking the embers of security

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and corruption challenges has not been fully interrogated at the

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level of the EFCAC. We have always been suspicious of

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the activities of non state actors in the areas where

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we are challenged security wise. In the northest, for instance,

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the activities of local and international energ owls have been

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on their focus. This was a major in CATLS for

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the decision to mandel their registration with SCUML special Control

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Units against Money Laundering, a department in EFCAC and a

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Claire directive to notify the Commission on cash movements within

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the region. He said earlier in his speech, NISS Commandant

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Joseph of ool Olderman, who spoke through Ugali press or

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Ukraiardist leadership of the EFCAC for the convisions remarkable achievements

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in combating corruption, money laundering and other financial crimes, noting

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that the achievements have not only strengthened Nigeria’s integrity, but

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have also served as a model for other nations in

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Africa and beyond. He further noted that the EFCAC under

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oluko Eda has been at the forefront of investigating and

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prosecuting financial crimes, including those involving non state actors. Your

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Commission’s exploratory activities have uncovered the intricate networks through which

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some ngils and other entities channel funds to support hostile

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loan state actors, thereby following instability in various parts of

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the country and the African continent. We recognize the critical

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role the EFCAC plays in distructing these networks and ensuring accountability.

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In light of this, we are particularly interested in hearing

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your insights on how your Commission now gets the complexities

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of investigating and prosecuting cases involving non state actors. We

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also seekure contributions on high Nigeria and other African nations

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constrainted legal and institutional frameworks to address the challenges posed

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by these actors while promoting transparency and accountability in their operations.

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Members of the nis SI MC eighteen comprise seventy four

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senior officers drawn from Nigeria’s intelligence community, the military, law

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enforcement agencies including the EFCC, strategic government ministries, and representatives

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from the federal and state governments, and international participants from Ghana, Somalia,

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Rwanda and the Gambia. The tale for EIMC eighteen is

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Non State Actors in Security Management, Issues, Challenges and Prospects

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for Peace and Development in Africa, which, according to Ingile,

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was carefully selected in recognition of the growing influence of

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non state actors in chaffin the security landscape across the continent.

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Part of the highlights of the visit featured an enlightenment

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and question and answer session moderated by the Director of

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efcs’s Public Affairs Department, Commander of the efcc CE, Will

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smol Jerrem, Director of scum L, Commander of the efcc CE,

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E Daniels, Director’s Special Duties Office of the Executive Chairman

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see Friday below, and Director Legal and Prosecution see a

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Sylvandusta Here. San offered insights on what the EFCC has

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done in strengthening the anti corruption engagement through its diverse

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activities all Lukoian Area funds using anti graft fights to

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stimulate economic growth. The Executive Chairman of the Economic and

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Financial Crimes Commission EFCAC, Mister olla O Lukoieda, has found

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the commitment of the Anti corruption agency to strengthen its

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collaboration with law enforcement agencies in order to stimulate the economy.

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He disclosed us in Abeokuta ugunstat on Monday February twenty fourth,

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twenty twenty five, at the opening ceremony of the fifth

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edition of the Nigeria Police Annual Conference and Retreat for

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Senior Officers. The tale of the conference improving Nigeria’s internal

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security and economic prosperity through inclusive policing, he said, aligned

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with the vision and mission of the EFCC. Stimulating the

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economy of Nigeria is something that we take very seriously

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as part of the tale of this conference and I

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assure you of our sonet support and commitment to the

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shared mandate, he said, while commanding the Inspector General of

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Police ILGP, Kayode eg Metukun for convening the conference with

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such a striking theme. He noted that the police led

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a solid foundation for the EFCAC as EFCAC, we identify

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ourselves with the Nigeria Police and item the Police for

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lyying a solid foundation for the EFCAC. It’s a very

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solid foundation that we are building on, he said. He

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further noted that most specialized law enforcement agencies in Nigeria

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came from the Nigeria Police. Here have found the resolve

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of the EFCAC to continue to collaborate and synergize with

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the Nigeria Police in the area of prevention and investigation

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of financial crimes. Continuing, he pointed out that we have

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identified ourselves with the very serious mandate of the recovery

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of proceeds of crime and I assure you of our

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solid support and commitment to the shared mandate. Dignitaries at

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the event included Vice President Kashium Schetima, the Ugunsted Governor,

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Mister Daka Abiodu, members of the National Assembly, ministers, service chiefs,

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top government officials, industry leaders and other key stakeholders. Used

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brigade you bring me in a mortgage aware