Interpol Nigeria, cybersecurity experts, and other members of the local intelligence community came together to brainstorm ways to combat the growing wave of cybercrime in the country.
The brainstorming took place in the capital, Abuja, under a training platform organized by A&D Forensics in partnership with the African Stablecoin Consortium, on how to reduce crimes involving virtual assets, especially virtual assets. It is said that the purpose was to establish the position of the Interpol in Nigeria. stablecoin.
According to Chioma Onyekeru, a blockchain expert, the training session will highlight the importance of blockchain intelligence and analysis in tracking and prosecuting cybercriminals using crypto transactions, especially Bitcoin and stablecoins. The aim is to equip Interpol agents with the skills to utilize
Onyeker said cybercrime has evolved beyond traditional fiat currencies and criminals are misusing virtual assets to commit various cybercrimes. As Interpol in Nigeria receives cybercrime requests from international partners, it is important to strengthen its capabilities through targeted training sessions.
Given Nigeria’s growing involvement in virtual asset exchanges, Onyekeru explained that the training will equip police officers to effectively deal with cyber crimes involving virtual assets, particularly stablecoins. did.
Mr. Adedeji Owonibi, Senior Partner, A&D Forensics, told reporters that the training was essential due to the increasing trend of cybercrime in the country. He pointed out:
“In Nigeria, a significant gap exists between evolving cybercrime and the capabilities of law enforcement. As a responsible corporate citizen, we are committed to closing this gap and ensuring law enforcement remains informed. , recognized the need to help effectively fight cybercrime.”
Regarding the controversy created by the recent introduction of a cybersecurity tax, Mr. Owonibi maintained that while cybersecurity may be controversial, governments have the power to make decisions on matters that affect national security. , emphasized the importance of prioritizing national security interests.
The Central Bank of Nigeria (CBN) on Monday directed banks and other payment service providers to deduct 0.5% of the gross value of electronic transactions and remit it to the National Cyber Security Fund managed by the Office of the National Security Adviser (ONSA). commanded. ).
Nigeria's Securities and Exchange Commission (SEC) has stepped up its crackdown on cryptocurrencies, banning peer-to-peer exchanges that use naira, signaling significant regulatory changes.
The International Monetary Fund (IMF) recently recommended that Nigeria embrace the adoption of cryptocurrencies through the licensing of global crypto exchanges as part of its economic reform measures.
