Interpol Nigeria Strengthens Cyber Security with Virtual Asset Training
Interpol Nigeria, cybersecurity experts and other members of the regional intelligence community met to discuss ways to combat the surge in cybercrime in Nigeria.
The brainstorming, which took place in the capital city of Abuja under a training platform organized by A&D Forensics in collaboration with the African Stablecoin Consortium, was reportedly designed to position Nigeria’s Interpol on how to mitigate crimes, particularly those related to virtual assets. Stablecoin.
According to blockchain expert Chioma Onyekelu, the training sessions will equip Interpol agents with the skills to leverage blockchain intelligence and analytics to track and prosecute cybercriminals using cryptocurrency transactions, particularly Bitcoin and stablecoins. was aimed at.
Onyekelu said cybercrime has evolved beyond traditional fiat currencies and criminals are now abusing virtual assets to commit a variety of cybercrimes. As Interpol in Nigeria receives cybercrime requests from international partners, it is important to strengthen its capacity through targeted training sessions.
With participation in virtual asset exchanges increasing in Nigeria, Onyekelu explained that this training will enable the police to effectively deal with cybercrimes involving virtual assets, especially stablecoins.
Speaking to the media, Adedeji Owonibi, Senior Partner, A&D Forensics, said training is essential due to the growing trend of cybercrime in the country. He pointed out:
“There is a significant gap between evolving cybercrime and the capabilities of Nigeria’s law enforcement agencies. As responsible corporate citizens, we recognize the need to bridge this gap and help law enforcement stay informed and effectively combat cybercrime.”
Responding to the controversy that arose over the recent introduction of a cybersecurity levy, Owonibi argued that while cybersecurity is controversial, the government has the power to make decisions on matters that affect national security, saying it is important to prioritize national security interests. emphasized.
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The Central Bank of Nigeria (CBN) on Monday ordered banks and other payment service providers to deduct 0.5% of the total value of electronic transactions and remit it to the National Cyber Security Fund managed by the Office of the National Security Adviser (ONSA). ).
Nigeria’s Securities and Exchange Commission (SEC) is cracking down on cryptocurrencies and banning peer-to-peer exchanges using naira, signaling significant regulatory changes.
The International Monetary Fund (IMF) recently recommended Nigeria embrace cryptocurrency adoption through a global cryptocurrency exchange license as part of its economic reform measures.
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