EFCC uncovers movement of public funds from LG account into crypto wallets

BusinessDay | 02-09-2026 07:52pm |

The Economic and Financial Crimes Commission (EFCC) has found that money from a local government account was moved into cryptocurrency wallets. This raises concerns about the misuse of public funds, as it suggests that government money may be improperly transferred into digital currencies. The investigation highlights the need for better oversight of financial transactions involving public resources.

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