Fake Dollars Increasing in Circulation, EFCC Warns (NNnews)

The Economic and Financial Crimes Commission (EFCC) has decried the sudden rise of fake dollars and cyber crimes in the Benue axis.

EFCC acting chairman Abdulkarim Chukkol, who disclosed this on Thursday in Makurdi, said the agency had taken measures to address the situation.

The EFCC boss spoke during a workshop on ‘Effective Reporting of Economic and Financial Crimes’, organised for 30 journalists from major media organisations in the country.

Mr Chukkol said the primary aim of the anti-graft agency was to reduce corruption in the country to the barest level and would continue to discharge its duties effectively and professionally.

“Through the commission’s enforcement activities, recoveries running into several billions of naira have been recorded, and the country’s anti-money laundering framework strengthened,” explained the EFCC chief. “There is now a more robust regulation of the activities of these entities which are vulnerable to money laundering.”

Mr Chukkol warned people against disclosing their bank details to anybody to avoid them being used for illegal financial deals.

“I would like the media to educate family members, friends, politicians and others that they run the risk of going to jail if they allow their company or bank accounts to be used to launder proceeds of illegal activities,” the EFCC chief stated.