EFCC, South Korean Police open 10-day coaching on asset tracing, crypto forex investigations

The Economic and Financial Crimes Commission (EFCC) has taken one other step in the direction of strengthening the capability of officers of the Commission to fight subtle monetary crimes with the opening of a 10-day specialised coaching programme on Asset Tracing and Crypto forex Investigation.

The Commission’s Head, Media & Publicity, Dele Oyewale, in a press assertion, Tuesday in Abuja, stated the coaching, packaged in partnership with the South Korean Police for over thirty operatives of the EFCC, commenced on Tuesday 13 October, 2026 on the EFCC Academy, Karu, Abuja.

The Executive Chairman of the EFCC, Ola Olukoyede, who spoke by means of the Acting Commandant, EFCC Academy, Assistant Commander of EFCC, ACE1 Joseph Ogwiji, stated “the growing use of digital monetary providers and digital belongings require investigators to repeatedly develop their data and expertise.

“While these technologies support legitimate economic activity, they can also be exploited to facilitate fraud, transfer criminal proceeds and conceal the identities of those involved. Our response must be informed, technically competent and grounded in lawful investigative procedures.”

He defined that following the trending dimension of cross-border crimes and cash laundering, the flexibility to interpret transaction information, comply with funds throughout completely different platforms and join digital proof to the conduct of people below investigation is required for combating all types of financial and monetary crimes throughout the globe.

The Consul and Police Attaché on the Embassy of the Republic of Korea in Nigeria, Mr Eun-pyo Hong in his comment stated the coaching, which is the primary of its type to be performed by the Korean Government in Africa, marks the primary anniversary of a Memorandum of Understanding (MoU) signed between the EFCC and the Korean National Police Agency (KNPA) on October 2025 in Seoul, South Korea.

“I am especially pleased that our first programme in Africa is taking place here in Nigeria, a leading country in West Africa. And I am also very pleased to start this programme with the EFCC, one of Nigeria’s most respected law-enforcement institutions” he stated.

The MoU which was signed by Olukoyede and the Deputy Commissioner General of KNPA, Park Seong-Ju focuses on data change, greatest practices sharing, capability constructing, institutional strengthening, analysis collaboration, asset restoration coordination, public training, mutual assist platform, coaching change, worldwide cooperation and versatile enlargement.

Woosung Kwon, chief of the Training crew from the Korean Police Investigation Academy of the Korean National Police Agency, which incorporates Inspector Kim Sung Jae, Sergeant Jung Youngmo thanked the EFCC administration and the organizing crew for his or her hospitality and cooperation.

According to Kwon, “financial crime is changing fast, criminals now use crypto, cross-chain tools, and the dark web to hide money….. we came to learn from your cases and your experience. Crypto crime has no borders, so our cooperation must have no borders, too.”

 He additional defined that the coaching will cowl hands-on apply on open supply investigation strategies, crypto forex tracing, from discovering the primary clue to seizing the belongings and getting ready proof for courtroom.

The Head, External Cooperation, EFCC, Aliyu Wali, in his comment stated “as monetary crimes more and more exploit digital belongings and rising applied sciences, strengthening the capability of our investigators to hint, analyse and examine digital asset transactions has turn into crucial.

“This training will enhance our officers’ technical capabilities and further strengthen our efforts to combat cyber-enabled financial crimes and recover the proceeds of crime.”

Wali, who spoke by means of Assistant Commander of EFCC, ACE 11 Michael Kayang, additional inspired the individuals to take full benefit of the chance to have interaction actively with their Korean colleagues and apply the data acquired to their operational tasks.