Public funds moved from LG account into crypto wallets – EFCC

The Punch | 01-09-2026 12:50am |

The Economic and Financial Crimes Commission (EFCC) reported that money meant for public use was taken from a local government account and sent to a private company. After that, the funds were transferred into cryptocurrency wallets, which are digital accounts used for storing cryptocurrencies. The EFCC Chairman, Ola Olukoyede, mentioned this during a meeting with media representatives in Abuja, highlighting the need to investigate these suspicious transactions.

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