๐Ÿ”Nigeria's Economic and Financial Crimes Commission (EFCC) Chair, Olanipekun Olukoyede, advocates for blockchain and AI to combat illicit activities. Africa loses $88.6bn annually to illegal fund flows, which could be better used for infrastructure, healthcare, and education. The EFCC has blocked 1,146 bank accounts implicated in unauthorized dealings, including money laundering and terrorism financing. Many of these accounts are linked to P2P crypto trading platforms. The EFCC has also recovered $20 million worth of cryptocurrency from fraudsters. ๐Ÿ’ฐ๐Ÿ” What are your thoughts on using blockchain and AI to combat financial crimes? Comment below!