Acting Chairman, Economic and Financial Crimes Commission, EFCC, Ibrahim Magu, has described as worrisome the surge in the digital currency-related crimes in the country.

Magu said the commission was inundated with petitions from victims, expressing the concern at the 12th annual retreat for Heads of Security of Banks and Other Financial Institutions in Ibadan, themed “Fighting Financial Crimes in a Digital Economy” was organised by the Chartered Institute of Bankers of Nigeria.

He urged Nigerian bankers to always be guided by the ethics of their profession in the discharge of their duties, saying the commission, including other sister anti-graft agencies, would rely on their expertise to wage effective war against the digital currency fraud epidemic.

The chairman also commended the theme of the retreat which, according to him, would afford the participant the opportunity to appreciate the threats posed by the menace as well as discuss the security management strategies to tackle them.

Magu who spoke through a senior official in the commission Hanafi Baba-Ahmed, discussed the importance of the digital revolution vis-a-vis the necessity of proper supervision over potential loopholes we are seeing.

“As professionals in the industry, I want to urge you to be properly guided by the ethics of your profession including the identification and reporting of suspicious transactions.