Interpol Nigeria boosts cyber security through virtual asset training
Nigeria's Interpol, cyber security experts and other members of the country's intelligence community have met to brainstorm ideas to combat the growing cybercrime in the country.
Held in the nation's capital, Abuja, the proposal was said to be designed at a training forum organized by A&D Forensics in collaboration with the African Stablecoin Consortium to equip Nigeria's Interpol on how to mitigate crimes involving virtual assets. A stable coin.
Chioma Onyekulu, a blockchain specialist, said the training session was aimed at empowering Interpol agents in monitoring and tracking cybercriminals involved in cryptocurrency transactions, especially those using Bitcoin and stablecoins.
Onyekulu said that cybercrime has gone beyond traditional currencies, adding that criminals now exploit virtual assets to commit various cybercrimes. As Interpol Nigeria receives cybercrime inquiries from international partners, it is critical to build their capacity through targeted training sessions.
Considering Nigeria's involvement in virtual asset exchange, he explained that the training will enable officers to effectively deal with cyber crimes involving virtual assets, especially stablecoins.
Adedeji Owonibi, a senior partner at A&D Forensics, told journalists that the training was necessary due to the growing trend of cyber crimes in the country. He pointed out.
“There is a huge gap between the evolving cybercrime and the capacity of law enforcement agencies in Nigeria. As responsible corporate citizens, we recognize the importance of bridging this gap and supporting our law enforcement agencies to stay up-to-date and effectively fight cybercrime.
Regarding the controversies created by the recently issued cyber security levy, Owonibi stressed that while cyber security may be controversial, the government has the authority to make decisions on national security issues and emphasized the importance of putting the country's security interests first.
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On Monday, the Central Bank of Nigeria ordered banks and other payment service providers to deduct 0.5% of the total value of electronic transactions for the National Cyber Security Fund to be administered by the Office of the National Security Adviser (ONSA). ).
Nigeria's Securities and Exchange Commission (SEC) is defending cryptocurrency by banning peer-to-peer exchanges that use the naira, signaling a significant regulatory shift.
The International Monetary Fund (IMF) recently advised Nigeria to embrace crypto adoption by licensing international cryptocurrency exchanges as part of its economic reform measures.
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