Public funds moved from LG account into wallets – EFCC
The Economic and Financial Crimes Commission has disclosed how public funds were moved from a local government account to a private company before being transferred into cryptocurrency wallets. The EFCC Chairman, Ola Olukoyede, disclosed on Monday while addressing media executives and journalists in Abuja, stressing that the commission could not ignore the suspicious movement of public funds. Olukoyede, however, did not disclose the local government, company or state involved in the transaction. He said the commission’s Fraud Risk Assessment and Control Department had detected the suspicious transactions and intervened by freezing the funds for 72 hours to establish their destination and purpose. Olukoyede, however, expressed his displeasure over people who called for his head as a result of the action taken by his agency.